South Bank haulier swoop by Scandinavian specialist sets growth as the destination
27th March 2018
A leading independent South Bank haulage and warehousing specialist has been bought out by its biggest customer.
Ntex, a freight forwarder and trailer operator with a significant share of the UK / Scandinavia market, has swooped for Immingham Transport, having enjoyed a strong partnership for the past decade.
UK managing director of the Swedish-owned firm, Steve Davis, will now head up both companies, with Stewart Dalziel exiting the business after the entire share capital was bought out.
“Immingham Transport has been a supplier to Ntex for 10 years, providing warehousing and distribution,” Mr Davis said. “We were the biggest customer and it was a natural progression to protect the supply business and grow it.
“We are going to run the two companies totally separately, and look to grow the warehousing and distribution side of it as Immingham Transport.
“We have bought a successful business which is really important, with good management and good people, and my intention is to expand on the solid business they have going, to add more warehousing and distribution for Ntex as well as third parties, and to grow and expand the services and customer base.”
Established in 2003, originally as Banana Transport, it quickly took the name of the town it operated from, and 10 years ago bought Trinity House and developed the large cross stock warehousing operation there, primarily on the back of work Ntex was bringing in. Trailers come in with multiple consignments, and are then split and re-routed from the highly visible site by the A160, close to the western entrance to Port of Immingham.
“We have always had a close customer/supplier relationship,” said Mr Davis, who nine years ago steered his second generation family business, Davis Freight, into the Ntex operation.
Staying with the new owner, he became managing director of Ntex three years ago.
A 14-year-old business, it has gone from zero to a Euro 150 million turnover across the entire group, moving 800 trailers between Scandinavia and the UK.
Immingham is the port where 90 per cent of UK cargo is brought through, co-ordinated from the four-year-old purpose built head office Stallingborough’s Kiln Lane Industrial Estate – appropriately Scandinavian Way – with branches also operated in Glasgow, Bristol and London.
“We were an agent for Ntex when it first started, so I’ve been involved from the beginning in different guises,” Mr Smith said.
He is now horizon scanning with the impact of Brexit a consideration.
“It is something we are mindful of, but until the transition period is over, and that could be two to five years, it will be business as usual. It all depends on what happens with customs unions, but I don’t think anything will happen for three to five years. It may well have an impact on the regulation and, therefore, staffing. If we have to go back to customs formalities it will mean we need to employ more people.”
News Courtesy: www.humberbusiness.com