Menzies Distribution, a logistics services provider, has announced the acquisition of the national logistics and supply chains services businesses, Bibby Distribution, for an undisclosed sum.
The transaction will enable Menzies to gain access to new geographic potential by adding 38 operating sites and a new distribution fleet to its platform.
Menzies now operates over a 1,400-strong workforce, and the deal will provide it with a further 213 years of experience from the Bibby Line Group.
Greg Michael, CEO at Menzies, said: “Our ambitious plans for expansion underpin our absolute commitment to all our customers across all our markets.
“We believe that through combining the complementary business with Menzies, there are significant opportunities to grow both businesses through unlocking further geographical capability and expanding services to both sets of customers.”
The combined operations will ensure network and fleet synergies, growing the joint business to nearly 5,000 employees, 4,000 vehicles, and 100 depot locations.
Richard Morson, CEO at Bibby Distribution, said: “Our shared values of outstanding reliability, strong relationships and heritage underpin the compelling prospect of an enlarged group taking the lead on quality and innovation in UK logistics.”
John Cresswell, CEO at Bibby Line Group, added that since its creation in 1985, Bibby distribution has gone from “strength to strength, with the latest deal a key part of the group’s “strategic [portfolio] realignment”.