EmergeVest acquires CM Downton

Moreton Valence, Gloucestershire, UK: EmergeVest, which bought NFT Distribution and NR Evans, has now acquired CM Downton for £75m.

New Daf XF Euro 6 trucks at  Downton’s Moreton Valence depot

The company generates annual revenue of around £120m and operates 600 tractor units and 1,800 trailers.

Andy Downton, managing director, CM Downton, said: “The sale of the business has not been taken lightly, however we have always understood the importance of growth and a proper succession plan.

“This business is now ready for fresh energy, vigour and focus. EmergeVest are the correct successors to achieve this. They have a great vision and are building an unrivalled UK network, encompassing freight forwarding, pallet, chilled and now our ambient network,” he said.

Heath Zarin, chief executive and managing director of EmergeVest said: “We are excited at the opportunity to bring Downton into the EmergeVest family and to be investing in a business with such significant potential.”

Last year CM Downton took over a 26,000sq metre warehouse on an 8-hectare former Tesco distribution centre site near Chepstow. The property, originally built for Tesco in 1988, included a 23,000sq metre temperature-controlled warehouse with office space and lorry and trailer parking.

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