Northern Ireland logistics firm Derry Refrigerated Transport has acquired Brennan Refrigerated Transport in Waterford, Ireland. The acquisition is part of expansion plans that include a £9m investment in a new 10 acre hub in Portadown in Co Armagh, with the creation of 50 new jobs. Derry Refrigerated Transport, which has 200 employees, supplies to Ireland and the UK. MD Patrick Derry said that whilst the acquisition was not driven by Brexit, it would “futureproof” the company ahead of the UK’s departure […]
The European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]
Owens Group has snapped up Greater Manchester-based BTS Haulage for an undisclosed sum.