Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m. The MT Top 100 company has been purchased by Connect Group as part of the latter’s diversification strategy. Connect plans to generate half of its profit from operations outside the magazine and newspaper wholesaling business and move into time-sensitive and specialist distribution. Tuffnells’ holding company, The Big Green Parcel Holding Company, will sit within Connect’s Smiths News Holdings subsidiary – although the deal allows Connect […]
West Bromwich-based Sheldon Clayton Group has acquired the Wednesbury, West Midlands operation of Manchester warehousing and transport firm CFT Services for an undisclosed sum. The move will see all 30 staff at CFT’s Wednesbury operation move to Sheldon Clayton’s 12-acre, West Bromwich site. Sheldon Clayton group MD Stephen Pollock said the acquisition would add over £3m to the group’s turnover, which has risen from £5m four years ago to £20m now, including the CFT operation. Sheldon Clayton, which has 240,000ft² […]
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.