Knights of Old has acquired Chichester-based A.E. Parker Warehousing and Distribution in a deal that creates a haulier with 500 staff, 200 trucks, 225 trailers and 300,000ft² of warehousing. Pall-Ex and fellow Partnerlink member A.E Parker, which will continue to trade under its own name, is a family-owned haulage and storage business that has been operating for over 75 years. Its distribution network covers the UK, with partners in Ireland and mainland Europe. Mike Bacon, group director of Knights of […]
Knights of Old Group has insisted it is on course to return to operating profitability this year after its latest results showed a £1.2m pre-tax loss.
With the addition of Nelson Distribution and Steve Porter Transport to the Knights of Old portfolio, the larger brand was becoming increasingly diluted. Combining the three fleets meant more than 60 trailer-tractor livery combinations were possible.
KNP Logistics Group, formerly known as Knights of Old Group, slashed its losses by almost two-thirds last year, boosted by major wins in the contract distribution sector, the acquisition of the assets of Steve Porter Transport for just £1, and a restructuring of its finance team, including the addition of a new chief financial officer.