Essex-based freight forwarder and haulier Simarco has purchased Longport-Staffordshire based IFB for an undisclosed sum. Established in 1984, IFB had a turnover of £10.3m in the year to 31 December 2012 and made a pre-tax profit of £451,049, broadly in line with its performance a year earlier. The freight forwarder, which undertakes European and ADR work, has an O-licence for up to 15 vehicles at its base of operations on Chemical Lane in Staffordshire and a 45,000 ft² facility. Simarco, […]
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.