Logistics firm snaps up two North Yorkshire rivals

North Yorkshire’s Bulk Logistics has acquired two rivals as it looks to expand further.

Bulk operates 83 specialist vehicles and trailers under its D H Pearson brand, as well as J & J Ward Ltd, which last year reported revenues of £27.7m.

The company, which also has a site in Middlesbrough, has acquired two North Yorkshire rivals.

The first is an established bulk carrier based near York, WG & H Horsley, and the second is Northallerton-based freight company Hare Bulk Haulage. Both have been acquired for undisclosed sums.

The two acquisitions will take the number of vehicles owned by the group to 100.

Bulk is looking to expand organically and through acquisitions to secure more long terms contracts with blue chip customers.

The Hare Bulk Haulage acquisition brings Michael Hare back into the expanded Traffic Management Team that he left several years ago to form his own successful business. Bulk Logistics said he will play a “key role” in the expansion plans.

The group’s board, which consists of founder Michael Ward and Andrew Castle has been joined by general manager Paul Tolmie together with David Edghill, the group financial controller.

Both will both step up to become directors of the group and its subsidiaries.

The company said: “The Group is now poised to move forward to take advantage of whatever opportunities may arise in its market and has secured substantial funding support from its bankers for such future expansion.”

The group was advised by Richard Hayter of Hentons, accountants in Leeds and Jeremy Bennett of Wilkin Chapman Solicitors.