Newcastle-based operator Sid Fogg’s Coaches has been sold to New Zealand powerhouse family, the Ritchies, as the previous owners prepare to enter retirement.
The Ritchie family, together with other New Zealand shareholders, own Entrada Travel Group which owns a diversified range of transport brand in Australasia including Greyhound Australia, Daintree River Ferry and more.
- Subscribe to our free weekly newsletter to receive the latest news and classifieds from Australasia’s bus and coach industry
- Don’t miss a second and subscribe to our monthly ABC magazine
Andrew and Glen Ritchie have purchased the Newcastle brand under a newly formed company, Sid Fogg’s Australia. Therefore, the iconic Sid Fogg’s name is expected to remain with the new owners planning to expand further the size and spread of the company’s operation.
The sale transaction is anticipated to be complete on September 2.
Sid Fogg’s is one of the large specialist bus & coach companies based in Newcastle, servicing the Hunter Valley, Newcastle and the Central Coast.
Established in 1957, Sid Fogg’s had been owned by the Fogg family (initially Sid and Iris Fogg and then Philip and Pam Fogg) before Graham and Kathy Habgood took over 35 years ago.
“Graham and Kathy Habgood are enormously proud of what they have achieved during the time they have owned Sig Fogg’s and after 35 years, are looking forward to retirement,” the announcement reads.
“They will work with the new owners for a period to ensure there is a smooth transition of ownership.”
Katie and Michael Hagbood will continue to work until the Sid Fogg’s umbrella in operations and management roles.
“The Habgoods have appreciated and valued the service and support of many suppliers in the Newcastle and wider regions. Many long standing relationships and friendships have been formed over the past 35 years,” the announcement concluded.
Read more:
- BYD turns its focus to aftersales support
- VDI to undergo electric bus trials in regional NSW with TfNSW
- First week of 50 cent fares sees busiest Queensland bus weekend ever
- Major changes set for Sydney bus services as new metro train line opens
- Queensland Thermo King looking to take technology to the next level