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TI Dutch buy plugs Euro-gap
Page 14
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• United Transport International has bought Dutch company G Snel BY to plug a gap in its European distribution network.
Snel, which has a net asset value of almost .£2 million, is based in Woerden, Holland and transports and stores flowers, plants, ceramics, and groceries. It operates a fleet of over 100 vehicles (a mixture of Scania, MAN and Volvo) and hires in a further 70 trucks a day.
Arie Snel will remain managing director of G Snel which employs 155 people. However his son, Gert Snel will stay
with the Dutch Firm's Belgian subsidiary which was not included in the deal.
Snel joins United Transport Europe's Logistics division. Bill Shiplee, director of United Transport Europe and chief executive of UT Logistics says the company is now planning to move into Germany, Spain and Italy, where the group intends to acquire suitable companies. UTI is also considering setting up its own subsidiaries, and plans to buy a British company. Ll UTI's half-year profits are up 35% to £14.7 million on a turnover of £219,7 million (an increase of 28%).