Cambridgeshire-based Knowles Transport has today announced that it has acquired a 100% shareholding in 3PL warehousing & distribution provider Masters Logistical.
The acquisition of Masters comes at a period of significant growth for Knowles Transport, a business which has gone from strength to strength in recent years, following a period of substantial and continuous investment into the business as it builds for the future.
With a fleet of 325 vehicles and trailers, and a total of two million ft2 of warehousing space across two sites and a headcount of 380, Knowles’ fleet will be bolstered by a further 42 vehicles and trailers, 85,000 ft2 of warehousing space with expansion capabilities of a further 50%, and 30 members of staff.
“Following a 100% growth in sales revenue over the past 6 years, Knowles Transport has committed further to its expansion goals by welcoming the company, and its people, on board and acted as an ideal opportunity to expand our operations right on our doorstep,” said Alex Knowles, Managing Director of Knowles Transport.
Graham Leitch, Group Managing Director of Palletline said the acquisition was a positive step for both organisations. He added: “Both Masters Logistical and Knowles share the same customer centric ethos and we are looking forward to continuing to work with Masters Logistical under the Knowles umbrella.”