Big news in the UK container haulage sector this week as Turners Group has announced its growing ambition in the sector with the purchase of Felixstowe-headquartered Goldstar Transport for an undisclosed sum.
Paul Day, Turners’ Managing Director, believes Goldstar is an exceptional opportunity for Turners and states ‘’I’m incredibly pleased to have been given the opportunity to purchase Goldstar. Goldstar is the second largest container operator in the UK and will give our Group 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. 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.
UK Haulier members, Goldstar, will continue to be run as a separate company and managed by its existing Board of Directors.
Goldstar Managing Director, Matthew Ashworth commented ‘’The support of Turners will be hugely beneficial to the long term success of Goldstar, its customers and its staff. I am excited by the future opportunities we’ll have, and I look forward to continuing to drive the business forward with my fellow Directors.
The Turners Group will now have over 1750 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.
Paul Day added “Goldstar is very well managed, remains customer focussed and has achieved consistent growth of the last 18 years. This opportunity further strengthens our service levels and flexibility to our existing and potential Customer base within this important industry sector. Goldstar has an extremely loyal workforce and one which Turners looks forward to supporting and working with in the future”
