Youngs Transportation & Logistics makes further strategic acquisition

Purfleet haulier Youngs Transportation & Logistics has completed its third acquisition in 18 months following its purchase of Imorex Shipping Services.

Youngs MD Paul Pavitt said: “We have been aware that there has been a demand for a greater presence in the Suffolk area.

“This significant acquisition of Imorex, based out of Felixstowe, gives us another strategically placed depot, mere minutes from the port of Felixstowe.

“This is our third acquisition in 18 months and is the final part of the puzzle. We wanted to ensure we could operate our LCL [less-than-container-load] products from port-centric locations in Felixstowe, London, Southampton and Manchester, offering the most efficient and quickest services across all major ports.”

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• Youngs back on acquisition trail as focus turns to containers market
• Youngs Transport buys North West Cargo and eyes further acquisitions

Imorex has been trading for almost 50 years and describes itself as a warehouse and distribution provider.

It handles import and export cargo movements including FMCGs, food, electronics and industrial items.

It recently surrendered its licence authorising a total of six HGVs and 12 trailers out of two operating centres in Felixstowe and Huntingdon.

Young’s acquisition of Imorex follows its purchase of Southampton-based container firm Eldapoint earlier this year and North West Cargo in Warrington in December 2020.