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 […]
The purchase of Macintyre Transport is a “significant” move that has doubled the size of Turners (Soham)’s container vehicle fleet in one fell swoop, according to its boss Paul Day.
Essex-based freight forwarder and haulier Simarco has purchased Longport-Staffordshire based IFB for an undisclosed sum.
Widnes-based Sutton Group has acquired Imperial Tankers, the bulk chemical transport arm of Hargreaves, creating a single bulk tanker fleet of some 700 units with a combined turnover of approximately £114m from UK operations alone.