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 ARR Craib helped boost Gregory Distribution Holdings profits last year and offset the impact of a bad debt acquired after a major customer went bust.
Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business.
The sale of Kuehne+Nagel Group’s contract logistics portfolio to XPO Logistics has been sealed after being unconditionally approved by the British Competition and Markets Authority.