Thu, 05 Mar 2026 | COMMERCIAL PROPERTY
Vulcan Two Group plc, a listed e-pharmacy group, has signed an agreement for a new distribution centre in Leeds. The deal comes a week after the AIM-listed firm announced a triple acquisition worth close to £42 million.
Admitted to trading on AIM in September 2025, Vulcan Two Group has a mandate to operate a buy-and-build strategy as it grows through acquisitions in the UK e-pharmacy market.
Last week, the group announced the acquisitions of Yorkshire-headquartered CloudRx Holdings, Barnard Castle-based Hyperdrug Pharmaceuticals Ltd and Cheshire-based Webmed Pharmacy for a combined total of up to £41.7 million.
Following the announcement of the triple acquisition, the group has now entered into a long-term lease agreement for a new 22,000 sq ft Leeds distribution centre. The lease, which runs for ten years with a rent review and a five-year break option, is seen as a major pillar in the group's efforts to build a scalable platform through M&A.
This central warehouse facility is expected to enable the business to cut its warehousing and logistical costs, while rationalising and simplifying processes, improving carrier terms and, ultimately, significantly enhancing the group’s service and delivery times.
Vulcan Two Group Chief Executive Michael Kraftman commented: "This new distribution centre is an important piece of the jigsaw for Vulcan Two. Situated in Leeds and well connected to the M62 and M1, the centre creates the perfect platform for the efficient delivery of medications around the country. We look forward to building this facility out and establishing a market-leading service for patients."
Vulcan Two Group is led by Chief Executive Michael Kraftman and COO Brendan O’Brien, who have significant experience in the e-commerce healthcare market, having built leading online contact lens supplier Vision Direct between 2009 and 2021, through a combination of organic growth and M&A.
Find out more about M&A in the UK's healthcare sector
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