Turners (Soham) has purchased Goldstar Transport, the Felixstowe-based container haulier, in a deal that will push its turnover up to almost £400 million.
Managing director Paul Day said: “I’m incredibly pleased to have been given the opportunity to purchase Goldstar. Goldstar is the second largest container operator in the UK and will give our group a growing presence in this important sector in our industry.”
In January, Turners bought another container transport specialist, MacIntyre Transport.
Goldstar operates 350 own vehicles and a similar number of dedicated subcontractors from ten locations across the UK. This acquisition, along with MacIntyre earlier this year, means that Turners will have 750 owned vehicles and 450 dedicated subcontractors operating every day in the Container Industry.
Goldstar will continue to be run as a separate company and managed by its existing Board of Directors.
Following completion of the deal Turners’ annual turnover will increase by £95m and approach £400m. It will have more than 1,750 vehicles operating in its three core divisions, Temperature Controlled, Tankers and Containers.