Truck & Bus Forum

Well, there's either good money to be made in transport - or the people providing the money can't get better rates for it elsewhere.

Quote:

Westbury Property Fund Ltd, a commercial property and ports company.
Westbury acquired Eddie Stobart Ltd. from W.A. Developments International for £138M, which was recouped by the sale of £142M of property to W.A. Developments International.
With the Westbury takeover Stobart gained the Port of Weston in Runcorn. At the same time as the Westbury merger it was announced that the "O'Connor Group" was also being purchased by Westlink, at the time a wholly owned business of Westbury.
The O'Connor Group operates a truck fleet of approximately 90 vehicles, offering transmodal road rail services at the 'inland port', Widnes Intermodal Rail Depot.
In March 2007 Westbury had also acquired AHC – a rail terminal operator and storage, facilities handling and transport business – operating on a site adjacent to the O'Connor terminal.
Westbury also operated a joint venture, Victa Westlink Rail, between its Westlink subsidiary and Victa Railfreight.
On 10 March 2008 the Stobart Group announced the acquisition of "James Irlam Logistics - Formerly James Irlam & Sons Ltd", one of the largest independently owned road transport logistics providers in the UK.
In April 2008 the group announced the purchase of the William Stobart and Andrew Tinkler owned partner company WA Developments, which had been advising Stobart on the redevelopment of the inland port operation in Widnes and potential port operation in Runcorn, and an option agreement to purchase Carlisle Airport controlled by WAD International through Stobart Air.
At the beginning of June 2008, WA Developments was renamed Stobart Rail and became responsible for all the railway activities of the group.
In July it was announced that the group had taken over the chilled and ambient goods distribution operations from the administrators of Innovate Logistics Limited, saving the jobs of around 1,300 Innovate employees.

From:- http://en.wikipedia.org/wiki/Stobart..._Property_Fund

See also:- http://en.wikipedia.org/wiki/Carlisl...bart_Group_Ltd