Tuffnells owner Connect Group is to sell its care and education division in order to focus on the growth of its parcels and news services. Connect will sell the division to education resource provider RM for £64.4m, including £56.5m cash and deficit of £7.9m. The group said the move will reduce its borrowings and allow it to grow its news and media division, Smiths News, and its parcels operation (Tuffnells). Connect Group bought Tuffnells and its famed “big green parcel […]
Tuffnells Parcels Express has been acquired by newspaper and magazine distributor Connect Group for £113.4m.
Connect Group saw its revenue climb 0.2% in the 20 weeks to 21 January 2017 with it parcel freight division leading the way.
Tuffnells has moved into a new, purpose-built main DC in Sheffield. The new 20,000ft² site, built on four acres, has 51 loading bays and will be home to 139 Tuffnells employees.