Haulage firm changes hands
ONE of Suffolk's largest haulage firms is in new hands today after being sold in a multi-million pound deal.Felixstowe-based Hanbury Davies - whose trucks bear a distinctive purple livery - has been taken over by leading European supply chain provider, Wincanton, which deals in cars, chemicals, consumer goods, food service, high tech, industrial, energy and petroleum and retail.
ONE of Suffolk's largest haulage firms is in new hands today after being sold in a multi-million pound deal.
Felixstowe-based Hanbury Davies - whose trucks bear a distinctive purple livery - has been taken over by leading European supply chain provider, Wincanton, which deals in cars, chemicals, consumer goods, food service, high tech, industrial, energy and petroleum and retail.
No details have been released of how much the takeover cost, but is it reckoned to be more than £27 million.
Hanbury Davies was set up in 1999 by Glyn Davies, Ian Wilson and Phil West. Mr Davies had previously been co-owner of the Russell Davies haulage firm, which was sold to Securicor for £58 million in 1995.
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Hanbury Davies has 21 locations across the UK, employs a workforce of 780, and operates 480 vehicles, with its customers including key freight forwarders and shipping lines, and runs a range of container services.
Wincanton, which employs 30,000 people and has an annual turnover of £1.9 billion, says the deal strengthens its position within the growing container transport market and complements its existing global transport network.
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Wincanton managing director Martin Taylor said: “The considerable strengthening of our container activities in the UK complements our market leading intermodal business in mainland Europe and extends our offering for our existing customer base”
A spokesman for Hanbury Davies said the company was pleased with the deal.
“The acquisition enables us to develop and grow at a pace to match our industry's ever increasing requirements, securing our future as a leading container road transport provider,” he said.