Thursday, January 26, 2017

Logistics Company Expands with Bulk Road Freight Acquisition

Abbey buys Armet
Shipping News Feature
UK – Liverpool based specialist logistics provider, Abbey Logistics has acquired the complete share capital of bulk liquid food transport firm, Armet Logistics, for an undisclosed sum. With the combined businesses expected to generate turnover in excess of £70 million in 2017/18, Abbey will gain Armet's large bulk road tanker fleet as well as a tank wash facility in Liverpool. Steve Granite, Abbey Logistics Group CEO said:

“This acquisition is an ideal fit for Abbey and we are delighted to be welcoming the Armet team into our business. We share a common capability and passion to develop best-in-class, effective logistics solutions, and both companies also share the same positive, can-do spirit that has enabled us to grow and develop strong reputations in our sectors. I know that by bringing Armet into Abbey, this positive can-do culture within the Group will be strengthened even further and enable us to take problems away from our customers.

“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.”

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. The combined business will have approximately 700 employees in the UK with plans to grow to over £100 million in revenues by 2021, creating a further 300 jobs. 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. Lucy commented:

“I have spent the past 16 years building Armet into a key player in the liquid food transport market and I am proud of what has been achieved to date. My relationship with Steve (Granite) goes back over 20 years and the opportunity for us to bring our businesses together and create an outstanding offering for our joint customer base is a very exciting prospect for me.

“Our businesses bring together an unrivalled amount of experience and like-minded thinking in the liquid food market and this combined business will enable us to further improve our service offering to the customers.”