Abbey Logistics Acquires Leading UK Liquid Food Transport Company
Abbey Logistics Group, one of the UK’s largest bulk food tanker businesses, has acquired the complete share capital of Armet Logistics, one of the leading bulk liquid food transport companies in the UK. Terms of the transaction were not disclosed.
This significant development follows an exciting 12 months for Abbey Logistics; the Liverpool based specialist logistics provider, has seen the company complete a management buyout in August 2016 backed by NorthEdge Capital, and the commencement of a number of large new contracts. Abbey has also brought several highly experienced industry professionals into the business, demonstrating its commitment to growth and the services it provides to its customers.
Founded in 2001, Armet Logistics has a large and modern liquid bulk road tanker fleet, together with a state of the art tank wash facility in Liverpool. Armet provide both fully managed logistics solutions and single ‘spot’ product movements to deliver a wide range of food grade liquid products throughout the UK.
Armet has successfully built a strong reputation in the food sector and operate on behalf of some of the UK’s largest food ingredients manufacturers to provide high quality, dependable and cost effective logistics services.
Armet Managing Director Charles Lucy will remain with the business as a Director and the Armet brand will be integrated into the Abbey brand following a period of familiarisation.
Steve Granite, Abbey Logistics Group CEO, says: “By combining our people, fleets, depot networks and services we will create the ability to deliver an unrivalled customer experience that is focused on compliance, flexibility and outstanding customer service. The Armet acquisition is an important milestone in building Europe’s best bulk tanker business and I very much look forward to working with the combined teams to deliver just that.”
The combined businesses will generate an expected turnover in excess of £70 million in 2017/18 and employ circa 700 people in the UK with plans to grow to over £100 million in revenues by 2021, creating a further 300 jobs.
