Archives



Business, Freight News, Logistics


STEF to buy Langdon from Nagel-Group

[ October 25, 2021   //   ]

Food logistics specialists STEF is to acquire UK-based temperature-controlled operator Langdon Group from current owner Nagel-Group.

Langdon, which has been owned by Nagel-Group since 2004, operates in the domestic UK and imports and exports of chilled and frozen food between the UK and continental Europe. Its 1,400 employees and its eight sites handles close to 2.7m pallets a year on behalf of its 2,000 customers and recorded a £147m turnover in 2020.

STEF chairman and chief executive, Stanislas Lemor, said: “We are delighted with this deal, which represents a unique opportunity to expand our geographic coverage to an eighth country, the UK. The acquisition is a perfect fit for our strategy as a European pure player in the food supply chain. It will allow us to offer our customers – producers and distributors – a unique range of transport and logistics services throughout Western Europe while helping them grow their business outside the EU.”

STEF Group and Nagel-Group will enter into distribution agreements to enable Nagel-Group to make use of the Langdon Group’s distribution network for its operations in the UK. They will also enable Langdon Group to continue to offer its services to Germany and Central/Northern Europe, while adding coverage of Southern Europe via STEF’s network.

The transaction is due to be completed by the end of the year, subject to approval from regulatory authorities.

Tags: