Haulage company snapped up by Swain
FAMILY-run logistics firm The Swain Group has bought Derby-based Jeffrey’s Haulage for an undisclosed sum.
Swain was established in 1918 and operates from a head office in Kent, with depots in Swadlincote, Derbyshire, and Worsley and Swinton in Salford.
A statement from Swain said: “This is a great acquisition that fits with the company strategy to acquire businesses operating in appropriate growth sectors. The Jeffrey’s operation will complement our existing depot structure, further strengthening our position in the Midlands.
“We will be retaining the Jeffrey’s Haulage name and it will operate as a stand-alone company within the Swain Group operating as part of our Logistics Division.”
Jeffrey’s vehicle fleet includes 32 tractor units, 60 trailers and four 18-tonne rigids engaged in curtain-sided work.
Fred Perkin will remain managing director of Jeffrey’s Haulage.
He said: “We’re confident that the sale of the business will further enhance the ongoing development within the company to achieve and maintain quality standards for the services we provide. R Swain & Sons match a desire and enthusiasm to be the best at what we do.”
For the year-ending 31 October 2015, Jeffrey’s made a profit of £129,000 on a turnover of £7.23m. The company employs 79 people.
