Turners builds up by acquiring CRW

Commercial Motor
January 22, 2007

Family-run haulage company Turners (Soham) has boosted its presence in the building materials industry with the purchase of bulk powder specialist CRW for a rumoured £7m.

Turners’ MD, Paul Day, says the acquisition, which went through earlier this month, was a natural fit for its business; it already runs 400 tankers in this sector. CRW operates 150 vehicles and will help the East Anglian haulier expand into the building materials industry.

However, Day says it has no intention to rebrand CRW under the Turners livery and is content for the moment to allow the company to continue as it has been:

"CRW is a very respected firm; we saw it as a good fit and a good company to buy," Day explains. "We will obviously review the company over the coming weeks and make sure customers’ requirements continue to be met as well as put the Turners’ stamp on it, but we don’t intend to rebrand.

"We’re pleased with how CRW is run and don’t want to radically alter anything."

Day stresses that there should be no redundancies following the move, and over time there may be opportunities for more driving jobs at the firm. He adds that he has known CRW’s owner, Adrian Wilmott, for a number of years and that Wilmott has now decided to concentrate on his other business interests. Day declines to reveal the cost of the purchase, though rumours suggest it was in the region of £7m.

Turners (Soham) Group increased its turnover by 9% to £132.2m in its last set of accounts. Its pre-tax profits increased by a similar proportion to £17.5m.

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