Removals firm Pickfords has new owners after the debt-ridden firm was sold off by its parent company, US firm Sirva. The deal, for an undisclosed sum, sees Pickfords’ UK and Irish business transfer to rival Team Group for what is believed to be a nominal fee in exchange for taking on its substantial debts.
Team has acquired Pickfords and Allied Pickfords’ international moving services business in the UK. The deal adds to Pickfords’ Scandinavian removals business which Team acquired in March 2007. Cees Zeevenhooven, Team Allied Group CEO, adds: “Pickfords has a great heritage and we look forward to growing the company.”
In its latest set of accounts its immediate parent company, Sirva Holdings, reported operating losses of £34.8m for the 63 weeks ending March 13, 2006 on a turnover of £139.8m. The firm’s ultimate parent company, Sirva Inc, is currently in Chapter 11 bankruptcy in the US.
Palletways has significantly increased its capacity at its central hub in Lichfield, Staffordshire, after taking on the former UK Pallets ... more
Midlands haulier Ed Weetman has admitted that one of its HGV drivers was exposed to high levels of dust that led to a debilitating lung ... more
Pallet networks need to reduce tail-lift delivery weights, and in doing so stop trying to be all things to all people and play to their B2B ... more