A Northamptonshire logistics firm has merged with another group to create one of the largest distribution companies in the UK.
The Knights of Old Group and Nelson Distribution, based in Belper, are joining forces to create a firm consisting of 300 trucks, 350 trailers, 700 staff and 450,000 sq ft of warehousing. It will have a turnover approaching £65 million.
There are no plans to make any structural or staff changes as a result of the merger, the company said.
Ian Beattie, managing director of Knights of Old, said: “The complementary nature of The Knights of Old Group and the Nelson Distribution businesses – with regard to expertise, geographic networks and customer portfolios – will create value for all, customers, partners, suppliers and employees.
“Consolidating facilities, service offerings and proprietary know-how and technology, will help the group penetrate new markets while remaining focused on core logistics activities.”
Simon Nelson, managing director, Nelson Distribution, said: “The Nelson Distribution team is excited to merge with the Knights of Old Group. Our great people and flexible organization will enable us to scale quickly to take full geographical advantage of the merger.
“As a larger company we have a greater resource to call upon, but we will still maintain all the benefits that a local logistics supplier provides.”