Bibby Distribution has taken over Biggleswade-based Taygroup.
Taygroup was founded in 1992 and operates from a head office in Biggleswade, Bedfordshire, as well as sites in Wigan, Cardiff and Melksham and has developed long-standing relationships with a number of blue-chip customers, including many high street brands.
It offers dedicated and shared user warehousing and distribution as well as project management services.
The deal raises Bibby Distribution’s annual turnover by around ten per cent and adds 300 road assets to the existing fleet as well as expanding its operating footprint by four sites to a total of 62 locations.
Taygroup shareholders Jon Wright and Lloyd Dennaford will remain with the business. Over time Bibby will integrate Taygroup into its UK operations. As part of this integration the business will take on the Bibby Distribution name.
Iain Speak, Bibby Distribution’s Chief Executive Officer, said: “Taygroup is a vibrant and dynamic business with a real focus on delivering excellent service to its customers. The acquisition strengthens our overall service offering in a number of key areas and enables efficiencies that will enhance our ability to provide the market with flexible, competitive solutions.
“I am particularly pleased to welcome our new colleagues to Bibby Distribution and look forward to working with them to continue their success under our stewardship.”