Kinaxia Logistics has made its tenth acquisition with the purchase of Palletline-member AKW Group for an undisclosed sum. Announcing the deal the UK haulage and warehousing company said it is planning further acquisitions over the next 18 months. Kinaxia said the purchase of the Trafford Park-based group, which includes Global Logistics and AKW Global Warehousing, is aimed at strengthening its presence in the North West and in the Midlands through AKW’s Birmingham depot. AKW Group,which has a turnover of around […]
Panic Transport has been officially unveiled as a member of Palletforce, making it the fifth Kinaxia Logistics-owned haulier within the pallet network.
Manchester-based AKW Group returned to profitability in 2013, as both its transport and warehousing businesses enjoyed bumper trading.
Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.