Park Logisitics - Creating Supply Chain Solutions

Park Logistics - Creating supply Chain Solutions

Creating Supply Chain Solutions
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Gregory takes over Interoute Transport Services

Gregory Distribution has acquired the business, assets and goodwill of Oxfordshire-based Interoute Transport Services Ltd, which went into administration on 17 May 2013.

All of Interoute’s previous employees will keep their jobs as part of the acquisition, which includes a 120,000 sq ft warehouse.

Gregory said the operation had a strong fit within its existing nearby sites in Bicester, Minworth and Milton Keynes.

All key customers have been retained.

Interoute had sales of £6.4m in the year to 31st December 2012 and its accounts showed an operating profit of £183,000.

Carl Jackson and Kelly Mitchell of Quantuma Restructuring were appointed administrators on 17th May.

Interoute was originally part of the United Transport group, which in the 1980s was a major player in the UK market.

Article source: http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=20838