Abbey Logistics has bought the complete share capital of bulk liquid food operator Armet Logistics, creating a business with a combined turnover of £70m. Based two miles from Abbey’s Liverpool HQ, Armet has a fleet of 90 liquid tankers, which will give the combined business a liquid tanker fleet of 280, as well as 400 tractor units. In its most recent results for the year ended 28 February 2015, Armet recorded turnover of £11.4m and pre-tax profit of £676,000. […]
Widnes-based Sutton Group has acquired Imperial Tankers, the bulk chemical transport arm of Hargreaves, creating a single bulk tanker fleet of some 700 units with a combined turnover of approximately £114m from UK operations alone.
The liquidator for Seafield Logistics received unsecured claims of more than £7m.
Europa Worldwide has outlined an acquisition strategy that would see it target operators, as well as air and sea interests, as MD Andrew Baxter looks to build the “biggest business” he can.