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 […]
Whitchurch, Shropshire-based food logistics specialist Grocontinental has reported a near 29% increase in pre-tax profit for the year ended 31 October 2012 .
East Trans has won a contract with a medical supplies company after investing £1.6m in a new 40,000ft² high-bay warehousing facility.
Working practices in the supply chain have been thrust into the limelight by the BBC’s investigative series Panorama. Earlier this week the programme aired an edition highlighting long shifts and tough picking targets at a DC run by internet retailer Amazon.