Derry Refrigerated Transport expands through acquisition

Portadown, County Armagh, Northern Ireland: Logistics firm Derry Refrigerated Transport has acquired Brennan Refrigerated Transport in Waterford, adding five lorries to its existing fleet of 60, according to the Belfast Telegraph.

The move is part of a £9m investment in a new site in Co Armagh. The company will be relocating from its current premises on Vicarage Road, Portadown, but has said it will keep the original premises.

Managing director Patrick Derry said Brexit was not the sole reason for the expansion. “Brexit was not a main reason in my decision making. This investment is what is needed in our industry in the 21st century. However it will, of course, future-proof the company going forward regardless of the decision being made about a hard or soft border.

“At this stage, it is hard to gauge the exact detail of how Brexit will affect our business. There is still so much uncertainty on a way forward. However, this new facility will ensure my customer base will have tailor-made solutions to fit their plans going forward.

“We are hopeful that this recent investment will establish Derry as the go-to refrigerated transport company in Ireland.”

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