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Published on Monday, June 1, 2020

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.

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