Kinaxia Logistics has acquired Bristol-based David Hathaway Transport Limited – its 12th major acquisition.
Hathaway operates 190,000 sq ft of warehouse at sites in North Bristol and Swindon and has a fleet of 65 artics. Sales in the year to 31st May 2018 were some £14 million.
All the management and staff will remain with the business following the takeover.
Managing director Matthew Hathaway said: “With my father wanting to retire, joining the Kinaxia group was a natural decision for DHTL, the Kinaxia strategy is one that we can truly identify with and we feel that our service-focused values and aspirations to grow, fit perfectly with Kinaxia.”
The deal give Kinaxia a base in the South West. Logistics director Peter Fields said: “As we set out at the start, Kinaxia’s strategy has been to acquire successful, professionally operated, service-focused, family-owned companies and our purchase of David Hathaway Transport Limited to give us a foothold in the South West should not really come as a surprise to anyone. Our focus can now shift to developing the improved services and efficiencies that a broad-based national haulier can offer”.
This new acquisition means that Kinaxia now has around 1,800 staff with a total pro-forma turnover of around £190m a year. It operates 850 vehicles and has 1.9 million sq ft of warehouse space.
Hathaway is a member of the Palletforce, Palletline and PartnerLink pallet networks. Kinaxia’s Peter Fields said: “Kinaxia’s strategic intent remains for its companies to stay within any networks that the acquired business originally aligned themselves to. Since we started, our actions and operations have demonstrated that we pose no threat to the existing pallet networks and are committed to work in partnership with those networks who want to retain the high quality members that we acquire.”
