Transport and logistics firm Europa Worldwide has been sold to Andrew Baxter, a former owner of RH Freight, effective of yesterday for an undisclosed amount.
The global privately owned company employs more than 400 people in the UK, and delivers an estimate of 500,000 consignments around Europe and Scandinavian countries a year.
Having made no job cuts, Baxter has been taking to the stage to give his new employees presentations on his own background and plans for the future of the company.
Operations director at Europa, Richard Cronk, said Baxter has been happily received and that the team there is looking forward to working with him, to build on the success of the business in the future.
Erith-based Europa can trace its origins back to 1966 when a single van was first operated to Italy under the name of SCA Express, offering direct deliveries for a number of retail customers in the London area.
The company now has a turnover of some £72.4m. It opened a 155,000 sq ft logistics centre at ProLogis Park, Midpoint, Birmingham two years ago.
Nottingham-based groupage operator RH Freight was sold to Kuehne + Nagel in 2011, when the company begun its strategic plan to expand its European overland network. RH Freight operated services to 32 European destinations daily and was active in sea and airfreight as well as contract logistics, with 30,000 sqm of handling space under management.