Refrigerated vehicle rental firm Petit Forestier has abandoned its bid to buy leasing company Fraikin Group after opposition from the French Competition Authority. The deal between the two French-owned companies, announced in June last year, aimed to create a major European player in the sector with combined sales of £1.09bn. Petit Forestier’s bid to buy Fraikin hit the buffers after the French Competition Authority raised concerns that the deal would create “a quasi-monopoly” giving Petit Forestier a 90% market share […]
A committed customer base and varied operations helped Kent-based R Swain & Sons grow both turnover and pre-tax profit last year.
York-based haulage firm Revis Transport has continued its drive for growth with the acquisition of Spandler Bros from Bunn Fertiliser.
CitySprint has purchased the same-day operations of Thames Valley-based Scarlet Couriers. The deal sees CitySprint acquire Scarlet Courier’s same-day, overnight and international operations in Bracknell, as well as the company’s same-day courier operation in Slough. Patrick Gallagher, chief executive, CitySprint, says: “This deal is another significant milestone in CitySprint’s on-going growth strategy. CitySprint’s extensive national reach is key to our success, so we’re delighted to be consolidating our presence in Berkshire.” Following the deal, Scarlet Couriers will continue to run […]