Bibby makes further acquisition
October 12th 2010 Bibby Distribution has acquired TM Logistics in an agreement adding an additional £31 million of business to its annual turnover.
The deal is Bibby's third acquisition of 2010. It follows the takeover of Taygroup in April and a significant part of MRS Distribution in August.
TM Logistics' customer base includes 16 key contracts spanning the automotive, construction and FMCG markets.
Worcestershire-based TM Logistics will gradually be merged into Bibby Distribution's UK operations, driving efficiencies and adding value to both existing and new customers. This will also see the business take on the Bibby Distribution name.
The acquisition also sees Bibby Distribution take ownership of Derbyshire-based PLS, a sister company of TM Logistics.
The scale of the TM Logistics acquisition means Bibby Distribution's fleet will grow by 120 tractor units and 220 trailers, increasing total fleet capacity to some 1,800 vehicular assets - operating from 80 different sites around the UK.
The company will also benefit from high quality warehouse facilities in Worcester, Milton Keynes and Swadlincote, increasing total warehousing capacity to 2.5 million sq ft.
Approximately 350 TM Logistics and PLS employees based at 16 UK sites will transfer to Bibby Distribution under TUPE. The previous shareholders have opted not to stay with the business. More articles from Bibby Distribution Limited: | 
