Rico Logistics appoints new MD to drive growth

Rico Logistics UK and Europe has appointed a new MD, Paul Parrish.

Parrish joins the same-day logistics and parts distribution company following the integration of DHL's UK Same-day business, which it acquired in October 2013.

An interview with Keith Whitehead, head of strategic development, last November, revealed the business was hungry for more growth, with the company looking to make acquisitions within the service logistics sector with financial backing from Goldman Sachs, as well as KKR via parent company TVS (which bought Rico in 2012).

“Rico is undoubtedly a success story of recent years and I am delighted to be joining the team. We have an impressive footprint throughout Europe but there is more we can do to expand the services we offer in these countries. Eastern Europe, for example, offers a considerable opportunity,” he said.

“A considerable amount of my own experience is in IT services and I believe there is a lot more we can offer in this area. This is a particular area of expertise for Rico as well as a growth market. 2015 is certainly going to offer exciting times for Rico.”

Parrish previously held a number of senior roles within Phoenix, Fujitsu and Fujitsu Siemens.

Rico said its turnover now stands at more than £80m, with a fleet of more than 1,400 couriers and 35 hubs across the UK.

The business operates in 11 European countries, as well as in India, and plans to expand into Australia and the US next. Services include same-day couriers, warehousing, reverse logistics, consultancy and IT infrastructure services.

Former MD Sam Sharma has been promoted and is working more closely with parent TVS to focus on the continued expansion of Rico in markets beyond Europe.