Thursday, September 2, 2021

Historic Shipping Industry Groups Come Together With New Deal

Two Long Lived Family Firms Joined by Acquisition
Shipping News Feature

UK – Two of the longest established family firm names in British shipping have been joined together with the acquisition of John Good Logistics by J & J Denholm (the Denholm Group). Together the two families have a combined history of over 340 years in the industry.

Denholm takes control of the freight forwarding and logistics portfolio of a company that was part of a sixth generation family enterprise with a history going back to a ships agency and chandlery business formed in 1833. Alan Platt of Good Logistics commented:

“The acquisition by J & J Denholm now cements the next long-term phase of Good Logistics. The synergies of the two family businesses, with similar maritime roots, complementary logistics services and strong values, make the formal connection between Good Logistics and J & J Denholm a unique and exciting opportunity to grow the combined businesses together, benefitting both our customers and employees. As we move from one family to another, we are very much looking forward to many exciting times ahead.”

Starting from 1866, as a fifth generation family business, J & J Denholm, operates subsidiary companies across the logistics supply chain via the Denholm Logistics division. This utilises a complementary port-centric model around the UK and Ireland.

Looking to the immediate future, Good Logistics will trade alongside Denholm Logistics as a complementary sister business, utilising the combined expertise and experience of their people to provide market leading services for their customers. Ben MacLehose, CEO of J & J Denholm, said of the deal:

“The acquisition of Good Logistics is an exciting move for our employees and customers in both businesses. Together, the size and scale of our combined logistics operations are amplified, strengthening our skills, resource network and purchasing power and enhancing the opportunities to efficiently manage the movement of freight on behalf of our customers.

"We have great people within our logistics businesses, now further strengthened by the addition of the Good Logistics team. We see a bright future and many further opportunities within the logistics sector as we move forward together.”

Photo: Salthouse Lane, Kingston Upon Hull was the site of John Good’s first ship chandlery, conveniently located in Britain’s third largest port district it now stands much dilapidated as the city regenerates.