Lancashire-based North West Logistics has acquired Proserve Logistics as part of wider expansion plans.
Pall-Ex member North West Logistics said the acquisition will help strengthen its operations and expand its geographical presence in North Wales and surrounding regions.
Under the deal, Wrexham-based Proserve Logistics will bring 400,000sq ft of warehousing space to the table, along with a fleet of fifteen vehicles and around 50 staff.
North West Logistics, which is based in Accrington, has 100,000 sq ft of warehousing, a fleet of 50 trucks and specialises in contract logistics and hazardous freight and storage. It employs around 80 staff.
A North West Logistics spokesman told MT there will be no redundancies at Proserve as a result of the acquisition, and added that it would be “very much business as usual” with the current Proserve management team remaining at the helm.
The combined revenue of the new group will increase to £17m with the company predicting that further revenue increases over the next two to three years.
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Stephen Dunn, MD at North West Logistics, said: “The acquisition of Proserve Logistics marks an exciting next chapter for our company.
“It allows us to join forces with a well-established, reliable business, boasting a very experienced management team, robust growth plans and a loyal customer base.
“We are well-positioned to seize further growth opportunities that focus on the highest quality solutions for our customers, whilst enabling us to retain the strength of our existing processes and management team.
“With a combined HGV fleet of sixty-five vehicles and in excess of five hundred thousand square feet of warehousing space, the new group will be able to provide solutions and support to customers across the UK, ranging from SMEs to large multi-national businesses.
John Green, MD at Proserve Logistics, said: “We are all excited about the future of the new group and its ability to achieve much more in the UK logistics sector.
“The various synergies we share will help us to create new opportunities for growth and find new efficiencies in our operations.
“The acquisition of Proserve Logistics signals an exciting milestone for both companies and we look forward to seeing further growth opportunities born out of this union.