ACS&T, the temperature controlled logistics operator, returned to profit last year follow a sales rise of 14 per cent to £18.7m.
Managing director Malcolm Johnstone said: “Strategic investment in the business and new contracts with companies including Ideal Foods and Coldwater Seafood, as well as the significant extension of a number of existing deals, has allowed ACS&T to thrive and we are able this year, to announce we are once again in profit.”
The company operates 14 cold stores, 2 ambient stores, co-packing facilities and dedicated and shared-user multi-temperature transport fleets. It has seen turnover increase from £16.4 m in 2010 to £18.7 m in 2011 and pre-tax profits increase by £1.2 m.
“Further cost-saving initiatives and considerable investment and improvements to our foodservice offer have allowed us to attract new business and increase turnover while remaining competitive, and next year we expect even more success, ” said Johnstone.
ACS&T Logistics is a wholly owned subsidiary of investment company Camellia plc which also has investments in engineering, agriculture and banking, and is the world’s largest independent tea producer.