Panther Warehousing plc, the two man delivery company, has taken over Hi-Way Express from the Pacifica Group.
It expects the move to help grow the company to a turnover of £25m within the next 12 months.
Castleford-based Hi-Way Express occupies a 200,000 sq ft warehouse where it has 57 employees.
Unlike Panther the business works solely on a sub contractor model so has no vehicles or drivers. The business will progressively operate under the Panther brand.
Panther took the decision to change its business model in December 2010 moving from being a general transport company to focusing on the niche next-day two-man delivery market.
Wilson Barrett, chairman of Panther, said: “The acquisition of Hi-Way Express marks a new era for Panther and is one of the most exciting developments in Panther’s history since we changed our business model in 2010.
“We have been looking for an M62 corridor depot for a number of months and this acquisition has given us a prime opportunity to increase our critical mass as well as provide us with the right depot location.
“By merging the two companies we are now the leading dedicated next-day two-man white glove delivery specialist in the UK which places is in an incredibly strong position on which to continue to build.”
