Bibby Line Group // 14th December 2020
Bibby Line Group has announced today that it has agreed the sale of Bibby Distribution to leading logistics Group, Menzies Distribution.
Bibby Distribution is one of the UK’s largest logistics platforms with annual sales of over £150 million and a fleet of over 1,800 vehicles and trailers operating out of 38 sites. The business provides end to end solutions for its customers across a number of sectors including paper and packaging and consumer products.
John Cresswell, Chief Executive Officer of Bibby Line Group, said:
“Bibby Distribution has built its reputation as a high quality, safe and reliable logistics provider, and since the company was established in 1985, we have seen it grow from strength to strength. This strategic realignment of our portfolio represents a strengthening of the Group balance sheet for future investment. I want to thank all our Bibby Distribution colleagues for their hard work and successes, and the value they have added to customers and our Group and we wish them well under new ownership.”
Greg Michael, Chief Executive Officer of Menzies, said:
“We are delighted to acquire Bibby Distribution. We believe that through combining the complementary business with Menzies, there are significant opportunities to grow both businesses through unlocking further geographical capability and expanding services to both sets of customers. For both our businesses’ customers, it will be very much business as usual and we look forward to supporting their growth in the coming years and working with the team at Bibby Distribution to help deliver this.”
Richard Morson, Chief Executive Officer of Bibby Distribution, said:
“Menzies is the ideal partner for taking Bibby Distribution’s achievements of the last 35 years to the next level. Our shared values of outstanding reliability, strong relationships and heritage underpin the compelling prospect of an enlarged group taking the lead on quality and innovation in UK logistics. Menzies’ smart approach to supply chain solutions for its customers and pioneering investment in electric vehicle technology show it is a truly future-focused business and we are very much looking forward to embarking on this new journey.”
“Having established the business in 1985, Bibby Line Group has been a fantastic custodian for Bibby Distribution and has played a vital part in the growth of the business to this point and I want to thank everyone involved for their support.”
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