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 […]
The Department for International Trade’s publication of a revised list of temporary tariffs on truck imports if the UK leaves the EU without an agreement once again raises the question of the impact of commercial vehicle pricing on haulage operating costs and profitability.
Even if customs clearance is reinstated following Brexit, leaving the EU remains the best thing for the UK, according to Europa Worldwide Group MD Andrew Baxter.