Tuffnells marks first year after MBO with order of hundreds of new trailers


 

Just over a year after Tuffnells’ management buyout, the irregular dimension and weight (IDW) carrier is hailing a major turnaround, after a loss-making period under previous ownership. The management team bought Tuffnells Parcels Express – known as The Big Green Parcel Machine after its fleet of 1,200 green trucks – for £15m in May 2020, just six years after Smiths News Group had acquired the firm for £100m in 2014. The buyout was prompted by the company experiencing years of […]