Turners of Soham buys UK’s second largest container operator, Goldstar Transport
Turners of Soham. - Credit: Archant
Turners of Soham have bought the second largest container operator in the UK, Goldstar Transport.
Paul Day, managing director of Turners of Soham. - Credit: Archant
It will give the enlarged group 1,750 vehicles across three core divisions and boost turner by £95 million a year to over £400 million.
Managing director Paul Day believes the acquisition “is an exceptional opportunity for Turners and’ I’m incredibly pleased to have been given the opportunity to purchase Goldstar”.
Goldstar is the second largest container operator in the UK Mr Day says it will give Turners “a growing presence in this important sector in our industry.”
Goldstar currently operates 350 own vehicles and a similar number of dedicated subcontractors from 10 locations across the UK.
“This fits perfectly with Turners long term ambition to expand its presence within the container Industry,” he said.
“This acquisition, along with MacIntyre Transport earlier this year, will see the Turners Group reach 750 owned vehicles and 450 dedicated subcontractors operating every day in the container Industry.
Most Read
- 1 Two food businesses closed after cockroach infestations found
- 2 Teenage moped rider seriously injured in crash
- 3 Missing woman back home
- 4 Pastor in freedom of speech and job fight over Pride tweet
- 5 Petition launched to save village pub
- 6 Pub company comes out fighting to keep controversial cuppa sign
- 7 College pupils bring School of Rock to life on stage
- 8 Father accused of baby daughter's murder gave her squash, court told
- 9 Man suffers injuries after A142 morning crash
- 10 Roll up, roll up, for the Fenland Council mini ‘sale of the century’
Goldstar will continue to be run as a separate company and managed by its existing directors.
Managing Director Matthew Ashworth said: ‘’The support of Turners will be hugely beneficial to the long term success of Goldstar, its customers and its staff. “
The Turners Group will now have over 1,750 vehicles operating in its three core divisions, temperature controlled, tankers and containers. The group’s annual turnover will increase by £95m and will now approach £400m.
Mr Day said: “Goldstar is well managed, remains customer focussed and has achieved consistent growth of the last 18 years.
“Goldstar has an extremely loyal workforce and one which Turners looks forward to supporting and working with in the future”
Their recent opening of a logistics centre at Woolpit near Bury St Edmunds has provided them with “off-dock loaded storage; Woolpit is also the base for our training centre”.
