WODONGA’S Mylon family has sold its Mylon Motorways business to Melbourne-based Dyson Group of Companies for an undisclosed sum.
The sale will be effective from July 2, with Bernie and Angela Mylon selling their shares in the company to the Dyson family.
The Mylons will retain ownership of their High Street premises and have long-term plans to sell them to a retail developer when the bus company is relocated.
Mr Mylon said Mylons’ 45 staff would transfer their employment to the Dyson Group of Companies.
He said leave entitlements and length of service would be preserved and their existing terms and conditions of employment would be retained with Dysons.
“The Mylon and Dyson families and management teams will work closely together to ensure the transition of Mylon Motorways to the Dyson Group of Companies goes as smoothly as possible,” Mr Mylon said.
He said the company’s 31 buses would be transferred to Dyson ownership in the deal.
“Every route serviced by Mylon has ultra low floor buses with wheelchair access,” Mr Mylon said.
“That will continue and grow with Dyson.”
Mr Mylon said he would now spend more time with his family — three daughters, a son and one grandson with another grandchild expected later this year.
“We will take a holiday and I will continue building sports cars and will be involved in youth programs with the Wodonga council,” he said.
“I like helping people because I remember those who helped me.”
The Dyson Group of Companies is operated by three families descended from its founder, English immigrant Laurie Dyson, who opened a bus service in Preston and Reservoir in Melbourne in 1952.
Director of corporate services, Lance Deacon, said the purchase of Mylon Motorways would bring the company’s staff numbers to 570, with a fleet of 340 vehicles.
The company has eight depots including its headquarters at Bundoora and sites at Bairnsdale, Leongatha, Kyneton, Moama, Alice Springs and Darwin.
Mr Deacon said the Mylon acquisition was a strategic move for the company which already operated a V/Line coach service to Albury and was the largest provider of V/Line coach services.
He and his cousin Neil Dyson are third generation operators of the company, together with another cousin Shane Dyson.
“We are very privileged to buy from Bernie and Angie,” Neil Dyson said.
Mr Deacon and Mr Dyson were in Wodonga this week for a meeting with staff on Thursday night when the sale was announced.
The manager of Mylon’s Moama depot, Brett Drinnan, is also in Wodonga to manage the transition process and the Mylon operation in the coming months.
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