海角视频

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Ports & Logistics

Somerset storage and distribution business bought by European firm

J R Harding & Sons has been bought by Dutch company CubeCold Europe

J R Harding & Sons' site on the Marston Trading Estate in Frome, Somerset(Image: Google Maps)

A Somerset warehousing and distribution business has been acquired by a European cold storage firm. J R Harding & Sons has been bought by Dutch company CubeCold Europe for an undisclosed sum.

Founded in 1963, J R Harding & Sons operates a 17,000 pallet, temperature-controlled warehouse on the Marston Trading Estate in Frome. The company has a fleet of 11 transport units and runs a truck maintenance business on its 4.3 acre property.

Like this story? Why not sign up to get the latest South West business news straight to your inbox.

Rotterdam-based CubeCold acquires and develops small to medium-sized cold storage facilities, and has a portfolio of around 270,000 pallets across its Europe-wide assets. The deal marks an expansion of CubeCold’s operations, with the firm recently acquiring Reading-based Pulleyn Transport. CubeCold said its purchase of J R Harding & Son would provide an opportunity to develop a new cold store facility “in the near future”.

CubeCold Europe’s chief executive Gerben Paauwe said: “This acquisition is an excellent strategic fit that strengthens our position in the 海角视频. J R Harding & Sons’ reputation and customer relationships complement our own and together we can provide even greater value to customers through an integrated network.”

The Midlands-based corporate finance team of national audit, tax, advisory and risk firm Crowe 海角视频 advised CubeCold on the deal.

Andy Kay, partner and head of corporate finance in the Midlands and South West, said: “This cross-border deal follows hot-on-the-heels of a number of other international transactions in which we have played a leading role, most notably the recent multi-million pound sale of a 海角视频 / Middle Eastern-based specialist manufacturer to a North American buyer, giving the buyer a major foothold in territories in which it did not have a presence.

“We are anticipating continued overseas interest in 海角视频-based businesses who are looking at their exit plans, particularly in those businesses that are well-run, have a particular niche and are generally resilient.”