Suttons Group, the international chemical logistics and supply chain specialist, announced today that it has acquired Imperial Tankers, one of the largest bulk chemical transport companies in the UK from Hargreaves Services PLC. Terms of the transaction were not disclosed.
Founded in 1989, Imperial Tankers has a road tanker fleet of over 200 tractor units and 350 tanker semi-trailers and provides both fully managed logistics solutions and single ‘spot’ product movements to deliver a wide range of hazardous and non-hazardous chemicals and other highly sensitive products.
John Sutton, Suttons Group CEO said: “This transaction is an ideal fit for Suttons and will enable us to continue to deliver high levels of safety and service, improve efficiency and add value through supply chain resilience and innovation. Our joint depot network will enhance our ability to provide an outstanding service to customers in key production regions around the country.
“Our combined fleet of over 700 road tankers gives us an even greater ability to support our customers through times of peak demand and react rapidly to changing customer requirements. By combining the various services offered by each company, we will be able to provide a truly exceptional customer experience that is focused on safety, service and innovation.”
This is the third acquisition Suttons has made in the last 12 months. In October 2013 the company completed the purchase of Chinese transport company Hanchi Logistics, and in August 2014 Suttons acquired IS Logistics Group, a logistics and supply chain specialist based in Singapore. The acquisition of Imperial Tankers further reflects Suttons’ commitment to growth in the bulk logistics and supply chain sector.