Solid fuels and bulk materials logistics provider Hargreaves Services has acquired bulk earthmoving and civil engineering firm CA Blackwell Group, which trades as Blackwell. The £11.9m deal includes a net cash payment of £5.3m and the transfer of Blackwell shareholders to a property valued at £3.4m. Hargreaves chief executive Gordon Banham said Blackwell’s operation is “complementary to and synergistic” to Hargreaves’s existing mining operation, and offers flexibility with its “existing fleet of heavy plant, providing further opportunities to diversify the […]
Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m.
Ripon-based Potter Group Logistics has bought York logistics firm and Palletline member House of James for an undisclosed sum. The deal, struck yesterday (16 May) boosts Potter’s turnover by 50% to £22m, adding 100,000ft² of warehousing space, 35 vehicles and 55 trailers to the fleet. Motortransport.co.uk understands that Simon Gill, MD of House of James, will remain at the combined business for at least three years in the role of commercial director. Matthew Lamb, MD of Potter’s, says: “We have […]
Hargreaves Services is confident it can rebuild turnover and profit in its logistics business after the division suffered a 47% drop in operating profit to £2.3m last year.