City File: Glass Glover

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The Independent Online
GLASS Glover can expect a warm welcome when it returns to the stock market at the end of next month. The Yorkshire- based distribution company went public in 1963 but went private again in 1988 after a management buyout.

The listing is likely to value the group at pounds 45m. Glass Glover's core activity is contract warehousing and distribution, via long-term contracts with blue-chip names.

A recent tour of Scottish institutions went well, with analysts likening Glass Glover to highly rated companies in the sector such as Christian Salvesen and Tibbett & Britten.