Freedom acquires UK airport logistics company
February 5, 2015
Freedom Logistics has become sole owner of Prime Logistics International, which is based at Heathrow and Leeds Bradford airports in the UK. Freedom has purchased the entire issued and paid-up share capital and assets of Prime for an undisclosed sum.
Freedom is a privately owned freight forwarder with its head office in Stockport, UK. The new subsidiary company, while continuing to trade separately, will be rebranded as Freedom Logistics.
"The acquisition of Prime Logistics represents an exciting phase in our overall growth strategy to establish a clearer footprint in the UK airfreight market,” said Chris Houghton, managing director of Freedom Logistics. "Freedom is renowned for its commitment to customer satisfaction and premium services which put the customer at the heart of everything we do. The new integrated company will have the ability to offer an enhanced range of logistics to existing and new customers"
Ray Crawford, who has run Prime for more than 12 years, added: "This represents a great opportunity to broaden our freight network beyond our established logistics bases at London Heathrow and Leeds Bradford airports with our dedicated team of freight professionals now supported by a financially strong parent company."
Freedom was advised by the Manchester office of TLT LLP and funding was provided by Royal Bank of Scotland.
Freedom Logistics provides integrated, flexible international freight and logistical support by sea, air and road to commercial customers in a range of industries from food and drink to digital networks.