Former Autologic chief executive Avril Palmer-Baunack has been appointed as deputy chief executive of Stobart Group. Palmer-Baunack also joins the board of directors at Stobart, which completed its acquisition of car transporter giant Autologic last month. Former deputy chief executive Richard Butcher becomes chief executive for Stobart’s property business At the same time William Stobart has re-joined the board of directors at the firm after he stepped down in March 2011. Rodney Baker-Bates, non-executive chairman of Stobart, said: ” With […]
Culina-owned contract packing services provider IPS has established a joint venture with Eddie Stobart Logistics to run a dedicated packing facility at Stobart’s Bardon, Leicestershire site, where it stores and distributes products for Nestlé.
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 […]
Last year Acumen Logistics Group gate-crashed the MT Top 100 for the first time, scant reward for a phenomenal performance over the past few years that has seen the company rise from an £8.2m turnover in 2009 to £20m in 2012.