Kenyon Road Haulage buys AET Transport

Kenyon Road Haulage is back on the acquisition trail with the purchase of AET Transport in Andover.

The move provides the Blackburn company with a gateway for its plans to expand further into the south east.

AET will trade as Kenyon Road Haulage Andover and will retain its 130 employees.

Les Webb, Kenyon group sales director, hailed the acquisition as “a great coming together” of two hauliers that would both benefit from the deal: “Our parent company OTIF Holdings is ambitious and looking for other sites to add to its portfolio, which as well as Kenyon Blackburn and now Kenyon Andover, includes Adam Jones in Halesowen in the West Midlands,” he added.

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Both businesses are Palletways members, with 40-year-old AET owning a bespoke hub dedicated to the network’s customers in postcode areas across Andover, Salisbury and Basingstoke.

Rob Gittins, Palletways UK MD, said: “The acquisition is great news for the future of AET, and maintains its Palletways operation, bolstering the speed and delivery of our services to customers and partners within the network.”

In 2019, Kenyon Road Haulage bought some of the assets of Palletways member Gilbraith (TS) from Pollock (Scotrans).