Europa Worldwide has outlined an acquisition strategy that would see it target operators, as well as air and sea interests, as MD Andrew Baxter looks to build the “biggest business” he can. Financed by a combination of profit and borrowing Europa will look at road freight operators with a turnover between £20m and £60m on an annual basis as Baxter adds to a business that, he told MT, had seen turnover rise 25% for the year-ending in May. Baxter said: […]
Wincanton has agreed to buy e-commerce and fulfilment specialist Cygnia Logistics Limited, from Crescent Capital.
Great Bear Distribution delivered a stellar performance in the final financial year before Culina Group bought it in March.
Brit European Transport has bolstered its bulk liquids business with the purchase of Cheshire-based Tankplus. Specialising in fuel and bulk powder distribution, Tankplus operates from Ellesmere Port and runs seven vehicles. “We were looking to develop the size and scope of our bulk liquids division and the Tankplus opportunity fitted the bill,” said Brit European MD Graham Lackey. “We have no plans to change anything in the short to medium term as Tankplus appears to be working well and delivering […]