Suttons has acquired Imperial Tankers, the bulk chemical transport company, from Hargreaves Services for an undisclosed sum. And in a separate deal it has bought IS Logistics Group, a chemicals specialist in Singapore.
Imperial was founded in 1989 and now has a road tanker fleet of more than 200 tractor units and 350 tanker semi-trailers. It provides both managed logistics solutions and single ‘spot’ product movements to deliver a range of hazardous and non-hazardous chemicals and other highly sensitive products.
The acquisition gives Suttons a fleet of more than 700 road tankers. CEO John Sutton said: “This transaction is an ideal fit for Suttons and will enable us to continue to deliver high levels of safety and service, improve efficiency and add value through supply chain resilience and innovation. Our joint depot network will enhance our ability to provide an outstanding service to customers in key production regions around the country.”
IS Logistics Group operates from three locations in Singapore. Services include road transport through its own fleet of vehicles, warehousing with drumming facilities and additional value adding supply chain activities to large multinational chemical manufacturers.
John Sutton said: “Our latest acquisition is a significant step as we continue to build our business in logistics hubs and petrochemical manufacturing zones across the world. Having a logistics asset base is essential for us to serve our customers more effectively. Infrastructure on the ground will enable us to grow the successful business we already have in Singapore and provide our customers with an even wider range of logistics and supply chain products and services.”