Palletforce and NFT Distribution owner EmergeVest has bought CM Downton for £75m. The deal sees EmergeVest acquire the entire shareholding from the Downton family. The Downton family will, however, continue to serve in their respective roles as senior management of the company. EmergeVest has been acquiring companies in the UK logistics sector since its formation in 2013. Led by CEO and MD Heath Zarin, EmergeVest’s current UK portfolio includes supply chain software company Adjuno, Allport Cargo Services, NFT Distribution, NR […]
Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
NC Cammack & Son has left Fortec to join rival network Palletforce. The family business, bought by Kinaxia Logistics in 2013, will take over coverage of the Colchester area from fellow member Simarco. Simarco has given up part of its coverage to Cammack because of growing pallet volumes in the area. NC Cammack & Son joined Fortec in 2014, having not belonged to a pallet network before then. MD Jim Cammack said: “Customer service has always been at the heart […]
Manchester-based road transport companies AK Worthington and Global Logistics (UK) are to merge.