NFT Distribution has acquired Carmarthenshire-based NR Evans in a deal that values the temperature controlled specialist at approximately £20m. It is the third acquisition in the UK by NFT owner EmergeVest. The Hong-Kong private equity investor bought NFT in April 2014 and Palletforce in August 2015 and MD Heath Zarin said it “would not be our last” acquisition in the UK. “We are very excited about NFT’s domestic and international growth prospects and ability to provide an ever-expanding suite of […]
Commercial vehicle manufacturing fell 15.5% in 2020, in what the SMMT said was “the worst year in a lifetime”.
Tariff-free access to the single market and the ability to hire non-UK drivers are the key issues for hauliers as the industry faces Brexit, according to a survey by the FTA.