Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS). CDS was not part of the insolvency process and continued to trade as normal following Clugston Group’s fall into administration last month. It has now been acquired by AJWG and KPMG said the sale ensured that CDS continued to trade as a standalone entity, preserved value in the supply chain as well as saving […]
A €3.2bn (£2.3bn) acquisition of French transport and logistics giant Norbert Dentressangle by US group XPO Logistics could be just the first in a series of takeovers of European companies the Greenwich, Connecticut firm’s chairman Bradley Jacobs has said.
One of the longest-standing haulage businesses in Manchester has been saved after it entered administration following a failed attempt to purchase another firm, according to its director.
MAN Truck & Bus UK has purchased the HRVS Group from the Lockwood Group for an undisclosed sum.