Eddie Stobart buys up the remaining 50 per cent stake in the Logistics People

Eddie Stobart has finalised a deal to buy the remaining 50 per cent stake in the Logistics People for up to £6m.

The Logistics People staffing business is headquartered in Kettering, and it’s being reported they will be acquired by the Warrington-based supply chain and logistics business for £5m on completion and up to a further £1m payable by the latest in November 2020 subject to it reaching profit targets.

Eddie Stobart has posted a 13 per cent rise in underlying revenues to £286.8m for the six months ending 31 May 2017. Underlying EBIT increased by 14 per cent to £16.9m over the same period.

 

Source: Uk Haulier

Eddie Stobart buys up the remaining 50 per cent stake in the Logistics People

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