Hicks Logistics has moved into warehousing after the acquisition of a 20,000ft² industrial unit next to its Caldicot base on the Severn Bridge Industrial Estate.
The company hopes the diversification will boost its annual turnover from £7.5m to around the £10m mark, and has taken on ten more staff taking its team to 80.
Hicks is celebrating its 35th anniversary and recently took delivery of a new, specially liveried Euro-5 New Actros added to its 65-strong vehicle fleet to mark the occasion.
MD Terry Hicks, son of founder Bill Hicks, said: “The expansion into offering warehouse services is a natural one and has been driven by demand from our customer base.”
The firm, which specialises in transporting construction and plant equipment, counts Premier Forest Products and UK Platforms amongst its customer base.
The £554,000 finance package for the deal was arranged by HSBC’s Cardiff and south-east Wales Commercial team.
