Gregory Distribution has completed the purchase of Pollock Holdings and its subsidiaries Pollock (Scotrans) and Pollock Express.
Family firm Pollock, which is headquartered in Bathgate, West Lothian, in central Scotland, operates a fleet of 150 vehicles, more than 200 staff and over 55,000 sq ft of warehousing.
Announcing the deal, Gregory Distribution insisted it is “business as usual” for Pollock, with the company retaining its brand and MD Scott Pollock continuing at the helm.
This is the latest addition to the Gregory Distribution stable which includes ARR Craib, purchased in 2018, and Scottish joint venture Hayton Coulthard.
The acquisition will boost Gregory Distribution’s already significant presence in the Scottish transport and logistics market.
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Chief executive John Gregory said: “Pollock is an iconic name in the UK transport industry, with more than 80 years of serving many fantastic companies, both within Scotland and to and from England.
“We will be maintaining the strong Pollock brand and we are delighted that Scott Pollock will continue to lead the Pollock business within the group. It will be very much business as usual for all of the Pollock team and its customers.”
Scott Pollock said: “After 80 years as a family business we feel that the time is right for Pollock to become part of a bigger group and I look forward to realising the opportunities which this brings. As a family owned company, Gregory’s shares the same values as ourselves.”
Family firm Gregory Distribution, which has its headquarters at Cullompton in Devon, runs a fleet of over 1,100 trucks, employs over 2,500 staff and operates from 49 locations including depots in Exeter, Plymouth, Shepton Mallet, Cullompton, Bristol, Birmingham, Aberdeen, Stockton-on-Tees, Great Yarmouth and Cumbernauld.
Its most recent results for the year to 28 September 2019 revealed a 37% rise in turnover to £239m (2018: £174m) with profits up by 40% to £8m (2018: £5.7m).