Sun Capital Partners has abandoned its interest in making a bid for Clipper Logistics. Clipper executive chairman Steve Parkin, who founded the company in 1992 and owns nearly a third of its shares, was understood to be preparing a £300m bid with the Florida-based private equity firm to take Clipper off the stock market. However, following an extension to the bid deadline to allow further discussions, Sun Capital has announced it is no longer considering an offer. Sources suggest the […]
NWF Group expects pre-tax profit for the six months ended 30 November to be greater than the same period in 2011, despite lower than expected performance in its food distribution arm. In its interim statement, the firm said its Boughey Distribution business performed “slightly behind expectations” as it did not take on as many new customers and receive as much business from existing customers as it expected, which it blamed on a “tough market environment”. NWF Fuels performed better than […]
DHL supermarket deliveries of major coffee brands are under threat as 300 workers at Jacobs Douwe Egberts’ (JDE’s) site in Banbury, Oxfordshire vote this week on whether to take industrial action over a “fire and rehire” dispute.