Culina Group acquires Fowler Welch for £98 million

  |   Road Transport   |   Culina Group acquires Fowler Welch for GBP98 million

13:00 Mon 15th Jun 2020 | Posted By UKHAULIER

9 hours ago

Fowler Welch (a temperature-controlled logistics division of Dart Group) has been sold to Culina Group for GBP98 million. Dart Group said that the sale would enable Fowler Welch to "continue to flourish and grow profitably under new ownership". The sale includes Fowler Welch's 50% share in fruit ripening and packing business Integrated Service Solutions: a joint venture with Terradace Holdings. Dart Group said that as of 31 March 2020, Fowler Welch had unaudited net assets of GBP60.5 million.

In its most recent filings to Companies House for the year-ending 31 March 2019 Fowler Welch posted a 6% increase in turnover to GBP178.7 million, and a 2.5% increase in profit to GBP4.3 million.

It had 897,000 sq ft of warehousing space.

Culina Group acquires Fowler Welch for £98 million

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