Biffa’s acquisition of Specialist Waste Recycling (SWRNewstar), announced today (12 March), has raised questions about the future of the firm’s national network of haulage subcontractors. SWRNewstar, which was formed in 2017 through a merger of the waste brokerage businesses Specialist Waste Recycling and New Star Environmental, has been acquired by Biffa for around £25.8m. This is the latest move in the waste management company’s aggressive acquisition strategy, which saw the firm buy seven waste companies last year following its listing […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
Baby and nursery retailer Kiddies Kingdom is looking for “multiple” transport partners as it announces the opening of a new distribution warehouse in Dewsbury off the back of an online sales surge.
Heavy investment by R Swain & Sons led to a dip in profits last year, but it has stood the national distribution firm in a strong position for the future, according to its MD.