Allen Munro buys Shanks
Page 10
If you've noticed an error in this article please click here to report it so we can fix it.
by Juliet Parish • Acquisition-hungry Allen Munro Group has bought Tom Shanks Transport, adding £2.5m business to its £7m turnover empire.
The Burscough-based group has also taken over a depot in Aberdeen, 43 trucks and 20 staff in its buyout of the family-owned firm.
The group, which now operates nearly 110 vehicles from four companies, wants to buy another business in West London or elsewhere in the South East.
The ideal company will have around 35 in-house trucks, working in general haulage.
Tom Shanks, who founded his general haulage business in the 1970s and wanted to realise its assets, has been retained by the Allen Munro Group as sales director. But about 30 staff were made redundant in December after Tom Shanks closed its Great Yarmouth operation and the Aberdeen workforce was scaled down.
The Tom Shanks name will be kept, in a bid to keep the goodwill of the business. The company is estimated to make up to £200,000 in profit this year.
Tom Shanks Transport was the second familyowned business the group has acquired in the same number of years. Last Spring it bought Pritchard Brothers, which runs 16 trucks and 28 trailers out of Gaerwen in Anglesey.