Swain Group has announced the acquisition of Gravesend-based haulier Eurobulk.
Swain, based in nearby Rochester, Kent, has acquired the entire shareholding of Eurobulk including its assets, vehicles and business.
Eurobulk will continue to be run as a separate company, managed by its existing directors, while Swain confirmed it would 'provide capital to finance the company’s growth, as well as the wider benefits of being part of a diverse and highly capable logistics group'.
Eurobulk MD Andrew Miller said: “Our team have built a first-class operation and one that we are extremely proud of.
“The sale of the business has not been taken lightly, but we have always understood the importance of growth and a proper succession plan. The support of Swain will be hugely beneficial to the long-term success of Eurobulk ltd, its customers and its staff.”
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Added Swain MD Matthew Deer: “Eurobulk represents a new venture for Swain as we expand into the agricultural and industrial bulk materials sector. This is a very specialised area within the transport industry, so it was important for Swain to find an outstanding business with which to develop in this market.
“The opportunity to acquire such a well-managed, efficient company is a rare occurrence, so we are delighted to be bringing them on board. The Eurobulk operation will now complement our existing bulk operations, further strengthening our position in the UK and Europe.”
Swain said the acquisition demonstrated its continued commitment to investing in the business and developing a structure that supports further diversification.
The group made its tenth acquisition during 2018 with Express Freight Services, while in 2017 it bought Jeffrey’s Haulage, a general haulage and Tautliner operation.
The company also bolstered its Special Projects Division in 2015 with the purchase of air and rail-side construction logistics specialist, Gatwick Plant, complementing the 2014 purchase of heavy haulage and plant movement company Hallett Silbermann.
All companies continue to operate under their individual brands.
