Jet2 owner sells logistics division
Jet2 owner Dart Group has completed the £98m sale of its distribution and logistics business, Fowler Welch.
A Dart spokesperson said: "The Board believes the transaction will enable the Group to focus on its long-term strategy of growing its leisure travel business and, importantly, enables Fowler Welch to continue to flourish and grow profitably under new ownership."
Fowler Welch is a provider 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.
As of 31 March 2020, Fowler Welch had unaudited net assets of £60.5m.
It has been bought by Culina Group Limited.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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