Worksop-based haulier and warehouse operator One World Logistics has bought freight forwarder Surfair Freight Services out of administration.
Surfair, based in Leicester, had gone into administration with sister company United Global Services (MCR) Ltd earlier this month (October), after the group hit trading difficulties.
Stuart Dytham, managing director and partner in One World Logistics, says the company was pleased to buy Surfair because of its strength in freight forwarding and its Irish business.
Surfair, which employs around 30 staff, is about half the size of One World Logistics, which employs 55 and runs a fleet of 30 vehicles alongside 500,000ft2 of warehousing.
Dytham says the newly enlarged company plans to run both the Leicester and Worksop sites, as well as being in the market for further acquisitions.
He adds that Surfair was a well-run company that was put into difficulty by problems with its former group as a whole.
Dytham says: "It's a company I've competed against in former jobs; and I know it is very good at what it does. We have been looking for acquisitions and this came up out of the blue. I'm very pleased it did."
Dytham believes that one reason why One World Logistics is coming through the recession so strongly is because it owns its own sites. This helps to make customers who use the warehousing feel more secure.
One recent new customer signed up with One World partly because a previous warehouse operator had difficulty in releasing goods stored with them because a landlord had not been paid.
Dytham says: "People like the security of knowing that the company they are dealing with owns their own warehouse."