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 […]
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
EmergeVest, the Hong Kong-based private-equity investor that has acquired CM Downton, NFT Distribution and Palletforce over the past four years, has merged its road transport and logistics assets into one company: EV Cargo.
Lancashire-based Yearsley Group has unveiled its refreshed livery on 30 new Mercedes-Benz Actros trucks.