The Halcyon Tankers division of Hargreaves Logistics has been sold for an undisclosed sum to a team of former Hargreaves directors. The team includes Andrew Spence-Wolrich, former Hargreaves Logistics MD. The deal sees Halcyon MD Ian Elliott, Spence-Wolrich and Nigel Barraclough, who was MD of Hargreaves Services between 2011 and 2015, become owners of the haulage company, which specialises in transporting petroleum and bulk chemicals across the UK from its base in Port Clarence, Middlesbrough. Elliott will continue as MD […]
Widnes-based Sutton Group has acquired Imperial Tankers, the bulk chemical transport arm of Hargreaves, creating a single bulk tanker fleet of some 700 units with a combined turnover of approximately £114m from UK operations alone.
Shares in road transport businesses continue to trade at record highs for the calendar year, despite a relatively quiet August and an oh-so-slight dip in the value of the MT basket of shares.