Menzies Distribution Sells Warehouses
Menzies Distribution Limited (MDL) has sold via a sale and leaseback transaction to Custodian REIT, the Leicester-based property investment company, a portfolio of properties worth £24.65 million. Included in the portfolio are eight “last mile” distribution units spread throughout the UK, each with a passing rent of £1.61 million, reflecting a net initial yield of 6.4 […]
Jack Richards and Son Sells Shares to Turners
Jack Richards and Son has decided to sell 80% of its shares to Turners (Soham), creating a partnership worth more than £475 million and a headcount of more than 4,000 members of staff. In addition to that, the chief executive of Newmarket-based Turners, Paul Day, has also assured staff that the Richards name will live […]
Challenge Group Acquires TRG Logistics
Challenge Group, a UK-based logistics recruitment and distribution company, acquired Surrey-based TRG Logistics for an undisclosed sum. The two companies will be merging due to the deal in order to become Challenge TRG Group. Current TRG CEO, Nick Gordon, and TRG managing director, Steve Imber, will be continuing in their roles, as well as becoming shareholders […]
Joloda Acquires Sovex to Provide Better Aftercare
The service division of Sovex has been acquired by Liverpool-based industrial load system specialists, Joloda International, for an undisclosed sum. After the purchase, Joloda Conveyor Services has been created, becoming one of the largest aftercare providers for conveyor and materials handling products in the UK. Expanding its service and maintenance capabilities, as well as enhancing […]
