Frozen food specialist Yearsley Group has been acquired by the US temperature-controlled supply chain operator Lineage Logistics. Jonathan Baker, chief executive of Yearsley Group, said: “Our acquisition by Lineage is a tremendous opportunity for Yearsley customers and employees alike. “Lineage’s commitment to innovation and service is unmatched, and we are excited to strengthen our ability to partner and grow with customers on a global scale unlike ever before.” As well as the group’s transport division Yearsley Logistics, included in the […]
The transport and logistics sector is set for a flurry of mergers and acquisitions this year, according to advisory firm KPMG, following a year of subdued activity in 2011. Steffen Wagner, European head of transport transactions at KPMG, says: “This year certainly took off to a promising start. Many companies, particularly in the logistics segment, are sitting on full coffers and are ready for increased strategic acquisitions.” He adds that any activity will rely on three main factors: GDP development […]
Kinaxia Logistics has made its eleventh haulier purchase, snapping up Fresh Freight Group (FFG) in Gateshead.