Swain Group has announced the acquisition of Gravesend-based haulier Eurobulk. Swain, based in nearby Rochester, Kent, has acquired the entire shareholding of Eurobulk including its assets, vehicles and business. Eurobulk will continue to be run as a separate company, managed by its existing directors, while Swain confirmed it would ‘provide capital to finance the company’s growth, as well as the wider benefits of being part of a diverse and highly capable logistics group’. Eurobulk MD Andrew Miller said: “Our team […]
Gregory Distribution, which last year snapped up Interoute Transport Services, has purchased Devon-based refrigerated haulage business M&D Transport.
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]
Palletways bought Dalkeith for the second time this year, after it went into administration in August.