UK’s Abbey Logistics buys liquid food transport firm Armet Logistics
UK-based Abbey Logistics has acquired bulk liquid food transport company Armet Logistics for an undisclosed sum.
Established in 2001, Armet Logistics operates an advanced liquid bulk road tanker fleet, as well as modern tank wash facility in Liverpool.
The firm offers fully managed logistics solutions, in addition to single spot product movements to deliver arrange of food grade liquid products across the UK.
According to Abbey, Armet provides dependable and cost effective logistics services to the food sector, including UK’s largest food ingredients manufacturers.
With an expected turnover of about £70m in 2017/18, the combined business intends to increase the revenues to over £100m by 2021.
Armet managing director Charles Lucy will continue to serve the business in the role of direcetor, while the brand will be incorporated into the Abbey brand following a period of familiarization.
Lucy said: : “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.”
Abbey Logistics Group CEO Steve Granite 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.”
Abbey offers transport and logistics solutions through a nationwide depot network and fleet of bulk liquid and powder tankers, and palletised freight such as ambient, temperature controlled, FTL and groupage.
The firm also provides warehousing facilities and multimodal transport solutions across the UK and Europe.
Image: Abbey Logistics has acquired liquid food transport company Armet Logistics. Photo: courtesy of Abbey Logistics.