Wed, 04 Jan 2023 | BUSINESS SALE
Palletforce, a subsidiary of global freight and supply chain giant EV Cargo, has agreed a deal to acquire Hastings-based firm Dobbs Logistics. The acquisition continues a trend of consolidation across the UK logistics sector, with companies increasingly targeting acquisitions to grow their offering and secure geographic expansion, despite falling confidence within the industry.
Dobbs Logistics was founded in 1961 and provides customers with a range of services, including pallet distribution, project cargo, warehousing and general haulage. The company’s operating license covers 22 trucks and 18 trailers and, in its accounts for the year ending March 31 2022, its net assets were valued at slightly over £1 million.
Reflecting one of the key trends driving M&A within the logistics industry, Palletforce parent company EV Cargo said that Dobbs Logistics was “the stand-out pallet network member and road freight operator in a region that is historically challenging for pallet networks”.
EV Cargo added: “As a result, the acquisition further strengthens the Palletforce network, providing members with a stable and trusted service partner in a key location.”
EV Cargo Express and Palletforce Chief Operating Officer Mark Tapper commented: “We are delighted to announce the acquisition of Dobbs Logistics, the undoubted sector-leader in its area, and welcome our new colleagues and customers to the Palletforce network. Dobbs Logistics not only meets our best-in-postcode criteria, giving our members a competitive edge, but also strengthens our overall service proposition in the Southeast for members and customers.”
“We made a commitment to our members that we would put them, and their customers, front and centre in our business. In achieving that we’ve focused intently on quality service, adding 12 new members in 12 months, and continuing our investments in technology, infrastructure, and sustainability.”
Post-acquisition, Dobbs Logistics’ existing management team and directors Stephen Morgan, Kevin Manser and Lynton Manser will continue to lead the business.
Managing Director Stephen Morgan said: “EV Cargo’s recognition of Dobbs Logistics as the unrivalled operator in the region is thanks to our reputation for quality and the hard work and dedication of everyone across our business.”
“EV Cargo’s Palletforce network is renowned for excellence, and we are delighted to join a business which puts its members and customers first. We are looking forward to further developing our services, business proposition and securing the long-term future of the business.”
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