Suttons Group buys Hargreaves’ Imperial Tankers


 

Widnes-based Sutton Group has acquired Imperial Tankers, the bulk chemical transport arm of Hargreaves, creating a single bulk tanker fleet of some 700 units with a combined turnover of approximately £114m from UK operations alone. Suttons bought the subsidiary of Hargreaves for £26.9m, with Hargreaves having purchased the tanker firm – which traces its lineage back to an MBO of ICI’s former tanker operations in 1989 – in 2007. Two years later it added Stockton-on-Tees firm Stiller Tankers to the […]