Bibby on the take-over trail

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Bibby Distribution says it is planning more acquisitions this year following the take-over of Taygroup at the beginning of May.

It said it was looking for companies that shared similar values and focus on customer service.

Biggleswade-based Taygroup offers dedicated and shared user warehousing and distribution as well as project management services.

Bibby reported a 21.8 per cent rise in pre-tax profit to £5.8m for the year to 31st December. However, it said that like-for-like sales slipped back by six per cent reflecting the effects of the recession. Total sales were £185m.

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