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Robert.Jervis_43227 Sep 04

Rhenus acquires PSL Group

Rhenus acquires PSL Group image

New opportunities and services

Rhenus Logistics has acquired warehousing, fulfilment and European express specialists PSL Group as it looks to strengthen its market position ahead of the UK’s uncertain departure from the EU

The acquisition adds a Scandinavian service, by way of the SkanTrans PSL brand; high volumes of continental European distribution and a 24/7 customs clearance operation in Dover to the existing offerings at Rhenus Logistics.

Rhenus Logistics MD David Williams said:

“The PSL Group acquisition is an important point of growth for the Rhenus UK portfolio.

“There is a unified goal to ensure the acquisition is not only a success for all parties but also to enable Rhenus to further solidify its place within the forwarding sector.

“The next few months will be a crucial time for both companies as new projects arise and the two teams begin working together.”

PSL Group has a head office in Maldon, Essex as well as facilities in Birstall, Dover, Heathrow, Hinkley, Manchester and Northampton.

John King, managing director at PSL Group added:

“Becoming part of the Rhenus group will enable the business to present new opportunities and services to our clients.

“With our joint experience, international contacts and expertise in road freight, there is significant scope for growth.”

The deal is the second acquisition for Rhenus in the UK this year: it acquired warehousing, pre-retail, freight forwarding and distribution services provider Core Management Logistics in January 2019.

Separately,  Core Management Logistics has released a new company logo as part of its transition process into the Rhenus Group after being acquired.

CML’s new logo becomes effective from 2nd September 2019 and better reflects the company’s corporate brand as it stands today with being part of the Rhenus Group. As CML integrates, the company and its customers can benefit from opportunities and innovation from across the Rhenus Group and Europe including the latest technology, automation, robotics and warehousing solutions. These are all available for CML to share and offer to the UK market providing the most cost effective and state of the art order fulfilment solutions which will enable CML to provide an enhanced service offering to its customers.

Commenting on the new logo, CML’s Commercial Director, Kerry Delaney said:

“This is a really exciting step for us as we take CML to the next level and I am delighted to announce the launch of our new logo. This new branding is part of the company’s vision for the future so that when people see CML’s new logo, they will know we are part of the Rhenus Group and the advantages this brings. You will see CML’s new branding on its website, email footers, LinkedIn account and press releases and in the coming weeks the new logo will also be visible on our three warehouses located on Magna Park, Lutterworth too. This is all part of the wider plan as we move towards being Rhenus Logistics in the future”.

CML is a leading provider of international freight forwarding, bonded warehousing and efulfilment services, based in Lutterworth, Leicestershire. Operating since 1990, CML has secured its position as a leader in retail warehousing and ecommerce by providing bespoke end-to-end solutions for some of the UK’s leading retailers and high-end brands who appreciate quality and attention to detail.

With advanced warehousing solutions covering some 500,000 sq ft and over 25 years of experience, it understands what matters to its customers and their market. It delivers innovative, flexible solutions through integrated IT systems, real time stock transparency and continuous efficiency in an ever-changing environment.

On 3rd January 2019, The Rhenus Group acquired CML. The Rhenus Group is a leading logistics service provider with global business operations and an annual turnover of EUR 5.1 billion. Rhenus has business sites at 660 locations worldwide and employs 31,000 people. The Rhenus Group provides solutions for a wide variety of different sectors along the complete supply chain; they include multimodal transport operations, warehousing, customs clearance as well as innovative value added services