Monday 26th Sep 2016 - Logistics Manager

Peel buys port of Great Yarmouth

Peel Ports Group has bought Great Yarmouth Port Company Limited, from International Port Holdings for an undisclosed amount. The port services the UK sector of the southern North Sea offshore oil and gas industry.

The port’s last annual accounts showed revenue of £10.9m and profits of £4.5m.

Peel chief executive Mark Whitworth said it would complement Peel Ports core ports business by providing both geographical and commercial diversification.