Strategic acquisition gives Premier logistics a route into North East
Leicester based Premier Logistics has acquired Hull-based CJ Express Logistics in a move that will see its group turnover increase to around £21 million. The takeover will also facilitate a much greater presence in and out of the North East of England. Both companies are members of the Pall-Ex network.
Lee Christopher, Premier Logistics’ managing director, has identified that branching out along the M62 corridor to the East, to gain better ‘access to the North’, has been a key business target for the ambitious company.
CJ Express Logistics’ founders, husband and wife team Nick and Susan Carter, will now be an integral part the Premier Logistics team as commercial manager and health and safety manager, bringing their many years of industry experience to operations across Premier’s three sites, in Leicester, Hull and Reading.
Following the deal, Premier Logistics now has more than 150 employees, 125 vehicles and 300,000 square feet of warehousing space across the three locations.
Lee Christopher commented: “The port city of Hull offers a vast market for groupage and full-load work, and CJ Express were open to new energy and investment. We are delighted to have added this extremely competently-run business to our Premier group of companies; while Pall-Ex’s palletised freight distribution network will benefit from an increase in groupage, generated by our focus on sales and growth.”
Nick Carter added: “This very amicable and mutually satisfactory deal presented an ideal solution. CJ Express’s solid reputation for quality and strong operational core will be an asset to Premier’s group of companies; while I’m confident that the Premier team will invigorate CJ Express, ensuring progression for the business, which will now participate in a larger network for full-load traffic in and out of the North East.”
Kevin Buchanan, Pall-Ex group managing director, commented: “This deal demonstrates the importance of working alongside quality partners. Membership of Pall-Ex’s UK and European network is a key competitive advantage for any business in terms of optimising growth and development opportunities.
“I am delighted that CJ Express, a long-serving and consistently high-performing Pall-Ex member, will continue to deliver the highest levels of network service, and congratulate Premier Logistics on its ambitious growth and progress.”
Posted on: July 17th 2015