Turners (Soham) has bought a 30% stake in bulk powder specialist Dowse Haulage after MD Paul Day spied an opportunity.
Turners (Soham)’s decision to expand its container haulage interests with the purchases of Macintyre Transport and Goldstar Transport last year has seen significant increases in turnover and profit at the acquisitive operator.
Turners (Soham) saw pre-tax profit and turnover increase last year due to rising fruit and vegetable volumes.
Turners (Soham) has added its 600th specialised Daf FTP to its fleet.
Turners (Soham) has continued its drive into the container sector with the acquisition of Goldstar Transport, creating a group with a combined turnover of more than £350m.
Suttons Tankers, part of Suttons Group, said it is in its “best interests” to walk away from its eight-year relationship with British Sugar when its contract expires later this year.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
The purchase of Macintyre Transport is a “significant” move that has doubled the size of Turners (Soham)’s container vehicle fleet in one fell swoop, according to its boss Paul Day.
Turners (Soham) has purchased Macintyre Transport, for an undisclosed sum.
Turners (Soham) experienced a loss of a major contract in its tanker division that led to a slight decline in turnover and profit during its most recent financial year, MD Paul Day said.