Devon-based Gregory Distribution has acquired the business, assets and goodwill of Oxfordshire firm Interoute Transport Services, which went into administration on 17 May.
The acquisition includes Interoute’s 120,000ft² warehouse operation on a leased site in Thame. It also includes the 27 employees retained out of its original 65 staff after if fell into administration, all of who will now transfer to Gregory.
Gregory Distribution chief executive John Gregory told Motortransport.co.uk his firm had historically had a long-term relationship with Interoute’s biggest customer “and therefore felt an affinity with the business and with the customer”.
He declined to name the customer or confirm the amount paid to administrator Quantuma, however.
The location of Interoute’s site in Thame was another factor as it fitted in well with Gregory Distribution's operations in Milton Keynes and Bicester, he said.
Gregory Distribution will integrate the Interoute business fully, dropping the Interoute brand. All of Interoute’s remaining staff will be retained. “We will not be making any redundancies,” Gregory confirmed.
Gregory Distribution, which a member of the Palletline pallet network, has no intention of taking over the pallet network operations previously carried out by Interoute.
These included the OX, RH and HP postcodes for Pall-Ex, and the RG and GU areas for the Hazchem Network.
The Interoute purchase follows the acquisition by Gregory Distribution in February this year of West Sussex-based temperature-controlled transport firm, Philson Haulage.
More recently Kay Transport, whihc is owned by Gregory Distribution's parent company, bought South West Delivery services.
