The future of Linconshire Hazchem and Palletways Network haulier Rase Distribution has been secured after it was sold to HW Coates in Leicestershire. Rase MD Geoff Hill said Coates was the best fit for his business and with “no natural family succession” in the company he agreed to sell it in January for an undisclosed sum. Hill said: “Coates are a very credible company that I have known for years and the directors for a very long time. If I […]
TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group.
US giant Fed-Ex Corp has been tipped to buy a stake in Hermes’ European parcel delivery operation whilst private equity house Advent International is in the frame to become a major investor in Hermes’ UK operation.
The new owner of Clugston Distribution Services is linked to Malta-based HLD Group which bought AM Widdowson and Sons in 2015 and Crewe-based Davis Haulage in 2016.