10th May 2010
Leading UK logistics provider Bibby Distribution acquired Taygroup Ltd, a major supplier of transport and warehousing solutions.
Founded in 1992, Taygroup operates from a head office in Biggleswade, Bedfordshire, as well as sites in Wigan, Cardiff and Melksham and has developed long-standing relationships with a number of blue-chip customers, including many high street brands. Taygroup shareholders, Jon Wright and Lloyd Dennaford, will remain with the business.
The move is the latest in a number of strategic initiatives from Liverpool-based Bibby and represents a significant contribution towards the company’s aggressive growth plans. Acquisitions will be supplemented by organic growth and new business wins.
Over time Bibby will integrate Taygroup into its UK operations, driving efficiencies and added value to both existing and new customers. As part of this integration the business will take on the Bibby Distribution name. The deal raises Bibby Distribution’s annual turnover by around 10 per cent and adds 300 road assets to the existing fleet as well as expanding its operating footprint by four sites to a total of 62 locations.