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. It has created a business that would rank 11th in the Motor Transport Top 100 and is now the largest privately-owned operator in the UK. EV Cargo is a result of the consolidation of software firm Adjuno, freight-forwarder Allport Cargo Services, ambient distribution specialist CM Downton, temperature-controlled […]
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 […]
A €3.2bn (£2.3bn) acquisition of French transport and logistics giant Norbert Dentressangle by US group XPO Logistics could be just the first in a series of takeovers of European companies the Greenwich, Connecticut firm’s chairman Bradley Jacobs has said.