Household-owned Cork Logistics Firm to be acquired by DFDS

Household-owned Cork Logistics Firm to be acquired by DFDS
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Cork-based Lucy Transport Logistics has been acquired by European transport and logistics firm DFDS.

The household owned enterprise was first established 90 years in the past in Millstreet, Co. Cork.

The corporate employs over 250 workers, making it one of many largest logistics firms in Eire.

Lucy Transport Logistics has distribution operations in Dublin, Clonmel, Cork and Lurgan. As a part of the acquisition, DFDS will now function these facilities with their substantial trucking operations and 400 trailers.

The cork agency primarily supplies distribution and logistics companies to shopper items firms.

Lucy Transport Logistics supplies prospects with a variety of logistics options together with warehousing, stock administration, bonded storage, and product rework and labeling.

DFDS is without doubt one of the largest transport and logistics firms in Northern Europe. The corporate will profit from Lucy’s transportation and logistics community in Eire.

Niklas Andersen, Government Vice President of DFDS, mentioned: “The acquisition of Lucy Transport Logistics Ltd considerably enhances our Irish home choices and enhances our present worldwide options.

“We now supply a extra complete provide chain answer to the area based mostly on a community that covers your entire island of Eire.”

Kevin Lucy, CEO of Lucy Transport Logistics, mentioned: “We’re delighted that DFDS has acknowledged that Lucy Transport Logistics is a extremely profitable enterprise and main supplier of logistics companies on the island of Eire. We’re happy with the corporate’s nice household historical past and our loyal following. Proud buyer and devoted employees.

Mr. Lucy added: “It offers me nice satisfaction to study that DFDS will proceed to develop and develop the enterprise, offering thrilling alternatives for our companions, in one among Northern Europe’s largest logistics firms. Will proceed to handle and develop the business property portfolio.”

In 2021, Lucy Transport Logistics recorded annual income of €32m.

Established in 1866, DFDS supplies ferry and transport companies in and round Europe. The agency generates annual income of over €2.7bn.

The Danish firm employs roughly 11,000 workers positioned in ferries, terminals, distribution facilities and places of work in 20 nations.

DFDS has over 10,000 freight prospects and supplies in a single day and quick sea ferry companies to thousands and thousands of passengers every year.

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