National distribution business Swain Group have today announced the acquisition of Eurobulk Ltd, one of the UK’s leading European bulk haulage operators.
Swain, which is based in Rochester, Kent, has acquired the entire shareholding of Eurobulk Ltd, which includes the company’s assets, vehicles and business.
Eurobulk Ltd will continue to be run as a separate company, managed by its existing directors, while Swain will provide capital to finance the company’s growth, as well as the wider benefits of being part of a diverse and highly capable logistics group.
Andrew Miller, Managing Director at Eurobulk, said: “Our team have built a first-class operation and one that we are extremely proud of.
“The sale of the business has not been taken lightly, but we have always understood the importance of growth and a proper succession plan. The support of Swain will be hugely beneficial to the long-term success of Eurobulk ltd, its customers and its staff.”
Matthew Deer, Managing Director at Swain Group, added: “Eurobulk represents a new venture for Swain as we expand into the agricultural and industrial bulk materials sector. This is a very specialised area within the transport industry, so it was important for Swain to find an outstanding business with which to develop in this market.
“The opportunity to acquire such a well-managed, efficient company is a rare occurrence, so we are delighted to be bringing them on board. The Eurobulk operation will now complement our existing bulk operations, further strengthening our position in the UK and Europe.”
This acquisition demonstrates Swain Group’s continued commitment to investing in the business and developing a structure that supports further diversification.
The group made its tenth acquisition during 2018 with Express Freight Services, while in 2017 it acquired Jeffrey’s Haulage, a general haulage and Tautliner operation.
The company also bolstered its Special Projects Division in 2015 with the purchase of air and rail-side construction logistics specialist, Gatwick Plant, complementing the 2014 purchase of heavy haulage and plant movement company Hallett Silbermann.
All companies continue to operate under their individual brands and remain synonymous with high quality operations in their respective fields.