Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC). The £17m buyout was lead by MD Colin McCarthy and will see the company’s founder and chairman Wilson Barrett retire. Barrett founded the company in 1989, and kept it going when it entered into a CVA in 2008. “He had £470,000 to pay, and over the next three or four years he paid off every penny of it, because that’s the mark of […]
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
Clipper Logistics Group saw turnover in all of its divisions soar in the year before its IPO as a result of e-commerce business win, as well as organic growth from existing contracts.
Acumen Logistics Group subsidiary Acumen Distribution has opened a new 50,000ft² warehouse in Halewood, Liverpool, on behalf of an automotive parts supplier. The warehouse, close to Junction 6 of the M62, incorporates just under 2,000 pallet positions and a bulk storage area. It will handle bulk inbound components and deliver parts on a sequenced, just-in-time basis to a nearby car seat manufacturing plant. The new site will be operated by a combined warehouse and logistics team of 13, which includes […]