UK-based logistics company, Culina Group, has agreed to take over GreenWhiteStar Acquisitions, effective 1 July 2021.
GreenWhiteStar Acquisitions comprises of Eddie Stobart, Eddie Stobart Europe, iForce, The Pallet Network, and The Logistics People.
With an overall turnover of more than £2.2 billion (approx. €2.6 billion), a combined workforce of around 22,000 staff, approaching 20 million square feet of warehousing and a joint fleet of more than 5,500 vehicles, Culina Group has significantly strengthened its market leading position in the FMCG Logistics Sector with this acquisition.
GreenWhiteStar Acquisitions will benefit from private ownership with protection of their brands for years to come. The move will also provide job retention, investment, and will bring an entrepreneurial spirit.
“GreenWhiteStar Acquisitions and Culina Group are complementary businesses, two very strong organisations with great reputations in the industry and with similar cultures,” said Culina Group CEO, Thomas van Mourik.
“This is an excellent fit which is going to be fantastic for both our staff and for our clients, whilst making Culina Group the largest FMCG logistics provider in the UK.
“It goes without saying that we are acquiring some excellent contracts, facilities and people. This move significantly expands our ambient network and will enable us to benefit from synergies and efficiencies that will improve our service offer to customers even further.”
The acquisition extends the existing Culina Group network to over one hundred strategically located distribution centres in the UK following the addition of the forty plus facilities operated by GreenWhiteStar Acquisitions. Culina Group is now the largest privately owned logistics provider in the UK and a business that is undisputed in terms of service.
“Culina Group recognises that it is investing in a highly successful business with its own great family spirit,” said GreenWhiteStar Executive Chairman, William Stobart.
“Culina Group’s aim now is to support our growth trajectory with the added workforce infrastructure and resources of the overall Group.
“The GreenWhiteStar Acquisitions Board are extremely pleased to take the group businesses back to private ownership. The combining of our two businesses will create major opportunities for significantly growing our market share.”
Stobart is expected to take a seat on the Culina Group Board for the long term as Deputy Group CEO.
Earlier this year, Culina Group upgraded its fleet with 127 Schmitz Cargobull reefers.