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Menzies Distribution acquires Gnewt Cargo

LBR Staff Writer Published 01 September 2017

Logistics firm Menzies Distribution has purchased Gnewt Cargo, a company which uses electric vans to make deliveries in London, UK.

Established in 2008, Gnewt Cargo offers retailers, e-tailers and parcel carriers such as Hermes and TNT with final-mile delivery services in central London for retailers.

In London, Gnewt Cargo delivered over 3m parcels using UK’s all-electric fleet of commercial vehicles in 2016.

The acquisition will enable Menzies Distribution to support its diversification strategy and develop the project to expand its neutral parcel consolidation services across the UK and Ireland.

Menzies Distribution will also focus on delivering environmentally-friendly distribution services of Gnewt Cargo to its existing customers.

Menzies Distribution managing director Greg Michael said: “As a holder of the Carbon Trust Standard since 2009, Menzies Distribution has long been focussed on our environmental responsibilities. Acquiring Gnewt was an exciting opportunity for us to advance our sustainability agenda whilst growing our neutral consolidation offer to the parcel market.

“Everyone recognises that goods need to be moved in and around congested city centres. The Gnewt model shows it can be done successfully whilst minimising environmental impacts.

“This acquisition gives us a stronger, cleaner presence in the London market and with our national reach, gives us a platform to introduce all-electric distribution to other city centres in the UK.”

In February 2016, Menzies Distribution acquired Aberdeen-based Thistle Couriers to expand its e-commerce offering within the UK’s parcel market.

The firm has also purchased Scotland-based parcel delivery business Oban Express for undisclosed sum in November 2015.

The company has entered a five year contract to hire trucks from 110 new Iveco trucks from Ryder, to expand its existing fleet of vehicles.

Image: Menzies Distribution acquires Gnewt Cargo. Photo: Courtesy of Philafrenzy.