Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m. The MT Top 100 company has been purchased by Connect Group as part of the latter’s diversification strategy. Connect plans to generate half of its profit from operations outside the magazine and newspaper wholesaling business and move into time-sensitive and specialist distribution. Tuffnells’ holding company, The Big Green Parcel Holding Company, will sit within Connect’s Smiths News Holdings subsidiary – although the deal allows Connect […]
A 55% rise in turnover at Norbert Dentressangle’s UK group company Norbert Dentressangle Logistics was achieved last year as a result of cost reductions, new business and the first full year’s effect of the acquisition of TDG in October 2011.
German rail and logistics giant DB Schenker Logistics has purchased Redhead International
Tesco is to merge with wholesaler Booker in a £3.7bn deal that creates one of the largest own-account operations in the UK, and it is targeting cost savings of approximately £61m in its distribution and fulfillment activities.