Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
DX Group’s multi-million pound takeover of Legal Post (Scotland) and First Post appears to be back on track, after the UK competition authority lifted an enforcement order pausing the deal.
Following its acquisition of Browns Chilled Distribution in September, Newmarket, Suffolk-based Turners (Soham) has started taking delivery of 50 new Mercedes-Benz Actros tractive units as part of a replacement programme for the Browns fleet. The trucks, which are all 6x2s, will be based at Browns’ Bicker site, near Spalding, and will operate at maximum GVW on a mix of regional and national work, said Turners’ group fleet engineer Tim King. Around 20 of the new trucks are already on the […]
Great Bear Distribution delivered a stellar performance in the final financial year before Culina Group bought it in March.