Photo: Abbey Logistics press materials

Belgium’s Sitra Group acquires British tanker logistics firm Abbey

Belgium's Sitra Group has announced its acquisition of Abbey, a British road tanker logistics company for bulk food powders and liquids.

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Abbey Logistics’ road tanker logistics services cover bulk liquid & powdered products in the UK and Europe.

In its announcement, Sitra Group described Abbey as a leading player, and also complimented the company for “its rapidly growing reputation and fleet in the plastics, construction, minerals, animal feed and non-hazardous chemicals sectors”.

Commenting on the news, David Saelens, CEO of SITRA Group, said:

“SITRA Group is delighted to announce the acquisition of Abbey Logistics Group. It is a milestone in Sitra’s history to acquire a renowned, well-established company like Abbey. Together with our partner Creafund we have been working almost a year on this deal and to now welcome the whole Abbey family to the SITRA Group feels as the cherry on the cake. It was a great pleasure to work closely with Steve, Dave and Matthew who are truly professionals as well as the other members of the Abbey management.”

Saelens added:

“We have not only acquired a great company but we also welcome some of the best individuals in our industry. We are very much looking forward to welcoming and introducing every Abbey member in our organisation. Abbey will continue to operate under its own name and colours and SITRA is not intending to change whatsoever to the well-working organisation that Abbey is today.”

CEO and current Chairman Steve Granite, also commented on the deal as follows:

“Since our MBO we have successfully transformed Abbey from a £45 million turnover family business to a £75 million market leader and refocused the business on its core strengths as a specialist tanker operator in the UK.  We are proud of how the business has grown not just in revenue but in market share and maturity to become the UK’s leading food tanker operator.  With the unwavering support of NorthEdge and a great working relationship between the Board and the investors, the business is now in great shape, and I am delighted to see it end up in the ownership of another family-owned business SITRA Group, who will undoubtedly develop the business & it’s people even further.”