The founder of Leeds-based Clipper Logistics is reported to be lining up a £300m takeover bid to take the company private. Executive chairman Steve Parkin, who founded the company in 1992 and owns nearly a third of its shares, is understood to be preparing a bid with Florida-based Sun Capital Partners. He now has until 18 December to announce a firm intention to make an offer for the retail logistics company or withdraw. Clipper Logistics’ non-executive directors are now forming […]
13) Steve Parkin Title: Chairman, Clipper Logistics Steve Parkin is one of those larger than life characters that still enliven the logistics industry. Having left school with no qualifications and after spending 18 months working as a coal miner, he built Clipper Logistics from a one man and a van operation to a £235m a year logistics empire in 30 years.
Clipper Logistics has won a UK storage and distribution contract with cigarette manufacturer Philip Morris.
Clipper Logistics has more than doubled its pre-tax profit in the first half of the financial year, as it felt the benefit of a multitude of contract wins.