144 jobs saved following sale of struggling logistics firm
The business and assets of an Exeter-based logistics company have been bought out of administration, with the deal securing 144 jobs.
Formed in 2002, STR Logistics offers a range of services across the South West, including home deliveries, pallet distribution, secure freight handling, contract management, and short-to-medium term storage.
Following a buy-out, the company’s turnover was on an upward trajectory increasing from £2.9m in the year to June 2020, to £3.7m in 2021 and £6.7m in 2022.
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