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 […]
Genesse & Wyoming (G&W), the United States-based rail freight company, has completed its takeover of Pentalver for an undisclosed sum.
The head of Fraikin UK has said Petit Forestier’s decision to abandon its plans to buy his leasing firm will not affect the business.
S&S Distribution, the Kent-based haulier snapped up by Palletline last year, recorded a pre-tax loss shortly after its purchase, newly published accounts show.