Glasgow-based Monarch Transport is under new ownership after the completion of a management buyout (MBO) at the firm. John Weir and Derek Anderson completed the acquisition of the business this month, having begun the process with an initial payment last December. The deal, supported by an independent bank, sees founder David McFarlane, a Palletforce founder haulier-member, exit, although he will continue to advise the business as a consultant. Monarch Transport, based at Moorpark, also has a depot in Hucknall, Nottinghamshire. […]
Ivybridge, Devon-based Kay Transport has bought King Stag (Transport).
Gregory Distribution (Holdings)’s largest purchase to date, ARR Craib Transport, creates a £200m-plus turnover group, but it was the Scottish haulier’s regional focus that made the deal so attractive.
Unite “surprised” by XPO takeover of Kuehne + Nagel UK logistics portfolio and demands workers’ pay and conditions are unaffected
The transfer of 6,000 Kuehne + Nagel workers to XPO Logistics came as a surprise to the Unite union, but it said it would work to ensure their pay and conditions remained unaffected.