Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m. NFT Distribution Holdings, which employs 1,900 staff and counts Sainsbury’s as one of its major customers, was acquired from private equity firm Phoenix Equity Partners by what was then Emerge Vest in 2014 in a deal valuing the company at £60m. The move emerged just days after joint MD Mel Brockhouse resigned from the company. […]
Customers’ willingness to shake up the status quo will stand Wincanton in good stead whatever challenges lie ahead, according to its boss.
The German parent company of logistics firm Hellmann Worldwide Logistics has pledged to back its UK division until “at least” September 2020, after the Lichfield-based firm saw its operating loss almost double last year.
Suckling Transport said business had been “encouraging” last year, with profit and turnover up 49% and 43% respectively.