TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group. The sale of 100% of the shares in TNT Fashion Group BV, which should be completed by the end of June subject to regulatory approval, reflects TNT Express’s “strategy to focus on core activities”, a company statement said. The change of ownership will not affect TNT […]
Stobart Group has said the integration of Autologic into its Eddie Stobart division has been “seamless” with all assets and key personnel retained. Autologic was bought by Stobart in August, after an initial bid – valuing the company at £12.4m – was made for the company in June. The acquisition adds £144.7m of annual turnover and £2.1m of pre-tax profit to Eddie Stobart’s £519.5m of turnover and £27.4m of pre-tax profit. New deputy chief executive at Stobart Group, and former […]
The remaining equity interest in Welsh quarrying and haulage company GD Harries (GDH) will be snapped up by buy-and-build construction materials group SigmaRoc later this month.
Pall-Ex has moved to ensure coverage continuity in the South-west by buying Cornish network member Intercounty Distribution for £700,000. The company based on the Pennygillam Industrial Estate in Launceston has an O-licence for up to 22 vehicles and eight trailers. It has been a Pall-Ex member for 14 years. Pall-Ex MD Adrian Russell said: “The opportunity was presented to us after Intercounty’s MD Nick Coombes announced his retirement earlier this year. We are happy that Nick has decided to stay […]