Eddie Stobart Logistics is in talks with an unnamed company to acquire it in a deal valued at around £50m In a statement to the London Stock Exchange today (7 June), Eddie Stobart said: “The company announces that it is in discussions regarding the potential acquisition of a logistics service provider whose operations are complementary to the Eddie Stobart group’s existing offering. “It is expected that the total consideration would be in the region of £50m, funded by a mix […]
Stobart Group has sold a 51% stake in its transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move sees William Stobart become chief executive of the newly formed, and once again privately owned, Eddie Stobart Logistics.
Eddie Stobart has wrestled a £15m Cemex contract from Wincanton after promising to deliver it using fewer sub-contractors.
Wincanton is set to offer its customers a wider choice of delivery options after forging a partnership with technology provider Sorted.