Eddie Stobart has purchased a 50% holding in express delivery company Speedy Freight. Puro Ventures, trading as Speedy Freight, is a provider of nationwide B2B express freight services. “This acquisition complements the group’s service offering to business customers in the e-commerce and manufacturing, industrial and bulk sector and broadens its capabilities across the whole supply chain,” Eddie Stobart said in a statement. Speedy Freight is structured around a regional franchisee model, with independent couriers working under the parent company’s patronage […]
Eddie Stobart Logistics returns to the stock market next month with a listing on the Alternative Investment Market (AIM) that will value the operator at more than half a billion pounds.
Eddie Stobart saw its e-commerce turnover more than double last year after it began eight new contracts off the back of its iForce acquisition.
Eddie Stobart Logistics saw its turnover and profit grow in its first full trading year under the majority ownership of private equity firm DouglasBay Capital, despite what it described as difficult trading conditions in its core markets.