Chilled logistics specialist NFT Distribution was back in the black before it was acquired by new owner EmergeVest earlier in the year, posting a pre-tax profit of £1.6m in the 12 months ending 31 March 2014. NFT had previously posted a loss of £5.8m, and turned around its profit performance in 2013/14 despite flat sales with turnover down slightly to £169.4m, compared to £169.7m in the preceding financial year. Chief executive David Frankish said in his statement: “Whilst the economic […]
NFT Distribution has acquired Carmarthenshire-based NR Evans in a deal that values the temperature controlled specialist at approximately £20m.
NFT has won what it has described as a “significant contract” to provide UK-wide temperature-controlled distribution to Southern Salads.
Renewed economic confidence and a focus on efficiencies saw an increase in the amount of mergers and acquisitions in 2014 as operators looked to strengthen, diversify and consolidate. Motortransport.co.uk takes a look back at a surprisingly strong year of M&A activity. In February, Pollock (Scotrans) acquired Blackburn-based haulier Gilbraith (TS) for an undisclosed seven figure sum, giving the Scottish operator extended reach into north-west England. April saw Essex-based freight forwarder and haulier Simarco purchase Longport-Staffordshire based IFB for an undisclosed […]