A logistics group has been acquired by an Irish rival.
Redditch-based Avon Freight has been bought out in an undisclosed deal by Primeline, marking the County Meath firm's first º£½ÇÊÓƵ acquisition.
Avon Freight is a warehousing and logistics operator which has been trading for more than 40 years, working with clients throughout the º£½ÇÊÓƵ and Ireland.
It employs 120 staff across three sites, all of which are in the Worcestershire town.
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Primeline is one of the largest independent providers of logistics and route-to-market services in Ireland, working with domestic and international retailers and other firms and employing 1,200 staff.
Avon's incumbent managing director Dawn Greene will continue to manage the business following the deal.
She said: "Primeline Group has a fantastic reputation for recognising growth opportunities and leading the way in the evolving world of logistics and supply chain solutions and we are looking forward to being part of a team that is ambitious and excited for the future."
Primeline's chief executive Tim Cummins added: "This acquisition will enable us to broaden our footprint in the º£½ÇÊÓƵ market while also enabling synergies across our entire operations.
"Bringing Avon into the group also aligns with our goal of being the leading provider of game-changing logistics and route-to-market solutions.
"We are looking forward to working closely with Dawn Greene and her team to create new opportunities for Avon and the entire Primeline Group."
Evolve Corporate Finance in Birmingham acted for Avon Freight on the deal.
Partner David Neate said: "It was a pleasure to support and advise Avon's shareholders on this transaction.
"The business has built an enviable reputation in its market under the stewardship of Dawn and the management team and the sale to Primeline will enable both parties to drive further growth in key territories across Ireland and Europe."
Law firm Knights and Claritas Tax also advised on the deal.
