Refrigerated-rental firm Petit Forestier is to buy leasing and rental provider Fraikin in a deal that will create a European player with combined sales of €1.3bn (£1.09bn). Villepinte, France-based Petit Forestier has entered into an exclusivity agreement with Fraikin to acquire 100% of the business with financial backing from CVC Capital Partners and Eurazeo. Petit Foresiter has 228 depots in Europe and the Maghreb region with 42,700 vehicles. Frakin – founded in 1944 with headquarters in Colombes, near Paris – […]
Panther Warehousing has acquired West Yorkshire-based two-man delivery company Hi-Way Express Home Delivery for an undisclosed sum.
Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
Aberdeen transport and logistics provider ARR Craib has taken delivery of 15 new Iveco Stralis 6x2s and 45 SDC triaxle curtainsided and platform skeletal trailers in a long-term rental deal with Ryder.