Clugston Distribution Services sold to AJWG but remainder of group in administration


 

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 […]