Multimodal logistics firm DFDS Logistics has acquired Grimsby-based Quayside Distribution for an undisclosed sum. The company acquired the business, assets and share capital of Quayside, which delivers fresh and frozen food for suppliers across the UK, on Tuesday 1 July. DFDS has also acquired the operator’s two temperature-controlled warehouses in Grimsby, extending the temperature-controlled network it already operates in Scotland. The deal has secured the jobs of its 260 staff and MD Mick Wilkinson will remain with the business. Eddie […]
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]
Kent operator DF Services has been acquired by investment firm HLD Group for an undisclosed sum.
SDC Trailers has been acquired by Chinese trailer manufacturer CIMC Vehicles for an undisclosed sum.