Suttons Group looks set to flex its financial muscles under the leadership of new MD John Sutton and is looking at acquisition targets in the UK food supply chain market. The operator revealed last month that MD Andrew Palmer would retire at the end of its financial year in April, with international division director John Sutton taking the reigns in May. Speaking exclusively to MT, the pair said that Suttons, which now derives the majority of its revenue from business […]
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 […]
The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn.
In April US 3PL XPO Logistics surprised the European logistics market with an unsolicited €3.24bn (£2.3bn) offer for French giant Norbert Dentressangle (ND).