Menzies Distribution has acquired leading logistics and supply chain services firm, Bibby Distribution, from Bibby Line Group.
According to Menzies, the deal will add 38 new operating sites and a large fleet to its business, while unlocking geographic potential.
Over 35 years, Bibby Distribution has built an end-to-end supply chain platform that provides solutions for its customers across a number of sectors including paper and packaging and consumer products. Bibby Distribution’s customers include an array of grocery retailers and blue-chip organisations across a range of sectors.
In recent years, Bibby Distribution’s senior management team, supported by a 1,400-strong workforce, has executed operational changes which have improved both its quality of earnings and underlying profitability, Menzies says.
The combined business operations will amount to almost 5,000 employees, 4,000 vehicles and 100 depot locations.
Greg Michael, chief executive officer of Menzies, said the acquisition provides “significant opportunities” for growth and expansion.
“Our ambitious plans for expansion underpin our absolute commitment to all our customers across all our markets. We are delighted to welcome our new colleagues to the next chapter of our combined growth strategy.”
John Cresswell, chief executive officer of Bibby Line Group, said: “Bibby Distribution has built its reputation as a high quality, safe and reliable logistics provider, and since the company was established in 1985, we have seen it grow from strength to strength. This strategic realignment of our portfolio represents a strengthening of the Group balance sheet for future investment.”
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