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 […]
Menzies Distribution has snapped up Inverness-based AJG Parcels in a £7.5m deal that allows it to enter the e-commerce parcel market.
TNT Express chief executive Marie-Christine Lombard has resigned, ahead of the parcel company’s acquisition by UPS. Chief financial officer (CFO) Bernard Bot will take over her position as interim CEO at the end of September, when Lombard leaves the company to pursue another career. “It is regrettable that Marie-Christine has decided to leave TNT Express now. We thank Marie-Christine for her contributions and wish her well for the future,” said Antony Burgmans, chairman of the supervisory board at TNT Express. […]
Heathrow-based courier Crossflight has acquired the operations of North London firm DDI Worldwide as part of its expansion strategy. As of today (7 January), Crossflight will run DDI’s express courier, UK overnight and mail services out of its headquarters in Heathrow. Crossflight said the move will be seamless for all of DDI’s customers and the combined company will operate under the Crossflight brand. Crossflight MD Richard Stoughton said: “This important acquisition not only allows us to grow our business further, […]