Bidcorp is to sell off Best Food Logistics to Tesco subsidiary Booker Group. The sale, announced today, is subject to approval from the UK Competition and Markets Authority, which is expected to take several months to come to a decision. If the sale goes ahead it will increase Booker’s footprint in the catering sector. The food wholesale operator distributes branded and private label goods to over 400,000 customers, including independent convenience stores, grocers, pubs and restaurants. Tesco revealed the deal […]
Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
Same day courier CitySprint has acquired Heathrow Baggage Services, its third acquisition in three months.