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. […]
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.
Tanker operators can cut the cost of expanding their fleet by up to 50% by using TIP Tankers to remount their own tanker fleet. Tanker remounting involves reusing stainless steel barrels and fitting these onto new chassis equipped with the latest running gear.