Equity firm ACC Capital has bought a majority stake in Lubbers Transport Group as part of a management buy-out at the firm. The deal sees the management team at Lubbers, which is lead by CEO Ger Englsman, invest alongside ACC, with the existing shareholders (Ronald Lubbers and UK MD Tony Tailford) retaining a minority interest in the business. Lubbers specialises in serving the oil and gas industry in Europe, and in 2005 Lubbers of the Netherlands merged with RTH in […]
Abbey Logistics Group made a pre-tax loss of £3.6m for the year ended June 2018, after taking short-term pain for long-term gain as part of its self-set target to achieve an annual turnover of £100m by 2022.
NWF Group, parent of Boughey Distribution, has recruited Brendon Banner as its new group finance director. Banner, who will take up his role in early November, is currently group finance director at steel engineering and fabrication group William Hare. He replaces Jonathan Ford, who is leaving NWF at the end of September to take up the role of chief financial officer at HomeServe. Earlier this month NWF reported that Boughey Distribution has seen turnover fall by £2.2m after the loss […]