Dart Group plc, the Leeds headquartered Leisure Travel and Distribution & Logistics group, has completed the sale of its Distribution and Logistics business, Fowler Welch to the Culina Group Limited for a £98 million.
Fowler Welch, based at Spalding, Lincolnshire, is one of the UK’s leading providers of food supply-chain services and serves retailers, processors, growers and importers through its distribution network. In addition, the business has a 50% share in a joint venture fruit ripening and packing business, Integrated Service Solutions, located at its Teynham facility. At 31 March 2020, Fowler Welch had unaudited net assets of £60.5 million.
Following the sale the Dart Group is to focus on its long-term strategy of growing its Leisure Travel business and will enable Fowler Welch to continue to flourish and grow profitably under new ownership.
Working in partnership with some of the biggest household names in the food and drink sector, the Culina Group provides supply chain support across the UK and Ireland. Its extensive network of sites provides a comprehensive food and drink supply chain management service covering the whole of the UK and Ireland. With 8 million square feet of warehousing spread across 65 depots, it employs 9,000 people to ensure that over 2.2 million deliveries reach the correct location. With more than 1,750 vehicles (3,000+ trailers) there is always space for another shipment. It delivers cost-effective state-of-the-art warehousing solutions, GPS shipment tracking and 25 years of experience to its customers.
For over 30 years, Fowler Welch has provided cost effective, flexible supply chain solutions for retailers, wholesalers, importers and manufacturers. With a varied portfolio of sites including chilled and ambient storage as well as contract packing facilities and is well-placed to meet all logistics needs.