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 and TNT Express do not now expect their multi-billion euro merger, announced in March, to be completed until early 2013. The operators had originally hoped to seal a deal in the first half of the year, but involvement from the European Commission as regulator scuppered this timetable. Last month the European Commission temporarily suspended the takeover to allow regulators more time to gather information, a process that is ongoing. Despite this UPS and TNT had still expected to complete […]
Viridor Waste Management has purchased paper collecting and processing business Pulp Friction for £9m as it looks to diversify. Pulp Friction has an O-licence for up to 28 vehicles and 22 trailers spread across two locations in Erith, Kent. Colin Drummond, chief executive of Viridor, said: “The acquisition of this paper collection and processing business is in line with the group’s strategy of expanding its waste management activities, particularly in collection and recycling.” Pulp Friction processes around 100,000 tonnes of […]
The administrator of Stanian Transport said the company has about 70 lorries participating in a legal claim for compensation from truck manufacturers involved in a price-fixing cartel.