Refrigerated vehicle rental firm Petit Forestier has abandoned its bid to buy leasing company Fraikin Group after opposition from the French Competition Authority. The deal between the two French-owned companies, announced in June last year, aimed to create a major European player in the sector with combined sales of £1.09bn. Petit Forestier’s bid to buy Fraikin hit the buffers after the French Competition Authority raised concerns that the deal would create “a quasi-monopoly” giving Petit Forestier a 90% market share […]
Biffa’s acquisition of Specialist Waste Recycling (SWRNewstar), announced today (12 March), has raised questions about the future of the firm’s national network of haulage subcontractors.
German rail and logistics giant DB Schenker Logistics has purchased Redhead International
While Fraikin doesn’t replace its MDs quite as often as West Brom replaces its managers – seven in the last five years – Darren Hall is the third person to take charge of the French-owned contract hire firm since 2016.