Continentals wrap up acquisition in UK
Nagel Group and Stef Group have completed their acquisition of Langdon Group in UK after receiving the green light from the regulatory authorities. Specialising in national temperature-controlled transport, the Langdon Group focusses on the import and export of fresh and frozen food products between UK and mainland Europe.
1,400 employees and eight sites on British territory now belong to the new owners. Langdon Group processes about 2.7 million pallets on behalf of 2,000 customers every year. It generated a turnover of EUR 164 million in 2020.
This transaction enables the Nagel Group to progress in its strategy to concentrate its resources on its European activities, while retaining a presence in the British market with a partner. (cd)