The owner of Cumbrian logistics firm Eddie Stobart has been sold for an undisclosed sum.
The UK-based Culina Group has taken over Eddie Stobart’s parent company, GreenWhiteStar Acquistions.
GreenWhiteStar Acquisitions also comprises of Eddie Stobart Europe, iForce, The Pallet Network, and The Logistics People.
Culina Group said the move will provide job retention, investment, and will bring an entrepreneurial spirit.
William Stobart, who was GreenWhiteStar’s executive chairman, will now take a seat on the Culina Group board as deputy group chief executive.
Thomas van Mourik, Culina Group chief executive, said: “It goes without saying that we are acquiring some excellent contracts, facilities and people.”
The acquisition means Culina Group is now the largest privately owned logistics provider in the UK.
Mr Stobart added: “Culina Group recognises that it is investing in a highly successful business with its own great family spirit.
“Culina Group’s aim now is to support our growth trajectory with the added workforce infrastructure and resources of the overall group.
“The GreenWhiteStar Acquisitions board are extremely pleased to take the group businesses back to private ownership.
“The combining of our two businesses will create major opportunities for significantly growing our market share.”
Eddie Stobart has a base at Carlisle airport and a depot at Lillyhall, near Workington.
