Kinaxia Logistics have bought Gateshead-based Fresh Freight Group, their eleventh acquisition, just weeks after the group announced it had acquired Manchester-based AKW Global.
Fresh Freight Group (FFG) is Kinaxia’s first North East-based purchase and will help boost the company’s geographical footprint.
Kinaxia Logistics Director, Peter Fields, explained: “It should come as no surprise to the market that Kinaxia has broadened its reach to include the North East. The group strategy remains to acquire successful, professionally-operated, service-focused, family-owned companies and our purchase of the FFG is further evidence of this.”
Dominic Quigley, Fresh Freight’s Managing Director, commented: “Joining the Kinaxia group was a natural decision for FFG, the Kinaxia strategy is one that we can truly identify with and one that has been long awaited in the industry.
“We are proud to be aligned with the existing members of the Kinaxia group and look forward to a fruitful sustainable future, with access to additional services providing further opportunities for growth, whilst maintaining the values and strengths of the business that we have grown over the last 40 years.
“FFG shares the same vision and aspirations as the rest of the Kinaxia Group companies and, as with all previous Kinaxia acquisitions, all management and staff will be retained”.
FFG, which was founded by Eamon Quigley, started out delivering flowers from Holland to the UK before growing to become one of the leading independent fresh produce hauliers in the North East.
Led by Dominic Quigley, the business has diversified significantly and now provides a full cross section of logistics services including temperature controlled, general transport, pallet network, warehousing, freight forwarding and other specialist services.
FFG employs around 135 staff, has a fleet of 75 vehicles and operates 100,000 sq ft of warehousing and is a shareholder member of the Pallet Track network.
Peter Fields commented: “So far, our purchases have been met with positivity from the pallet networks who fully understand the group’s strategic intent. FFG are the first Pallet Track member to join the group and we are excited to work with them moving forward, as we have only heard good things about their network.
“Being a member of a pallet network is not a pre-requisite of the businesses we acquire but is more a characteristic of their operational astuteness. It is, and always has been, the strategic intent of Kinaxia for its companies to remain within the network that the acquired business originally aligned themselves to, and our focus remains the provision of high-quality service as a member of whichever pallet network we work with."
Other companies within the Kinaxia Logistics Group include Bay Freight Ltd, William Kirk Ltd, NC Cammack & Sons Ld, Foulger Transport Ltd, Lambert Brothers Haulage Ltd, Panic Transport (Contracts) Ltd, AJ Maiden & Son Ltd, Mark Thompson Transport Ltd and BC Transport Ltd. Taking into account this latest acquisition, Macclesfield-based Kinaxia now has around 1,635 staff with a total turnover of around £155 million per annum. It operates 760 vehicles and has 1.7 million sq ft of warehouse space.
Posted on: November 27th 2018