BRIT EUROPEAN ACQUIRES TANKPLUS

As part of its expansion plans, Brit European Transport Ltd has purchased the assets and goodwill of TankPlus Ltd for an undisclosed sum. All current employees will transfer with the business.

Brit European has annual sales of c.£40million and operates within the UK and Europe in a number of specialized transport areas including vehicle delivery, bilk chemical road tankers and carpet distribution.

TankPlus is a small independent operator in the fuel and bilk powder sectors and is based in Ellesmere Port, Cheshire.

Commenting on the deal, Graham Lackey Managing Director of Brit European Transport Ltd, explained the rationale behind the acquisition;

"We were looking to develop the size and scope of our Bulk Liquids Division and the TankPlus opportunity fitted the bill. We have no plans to change anything in the short to medium term as TankPlus appears to be working well and delivering what its current customers require. The location at Ellesmere Port however throws up some immediate opportunities for extending our tanker operations further"