A strong player in imported steel products, the Groveport's 190 acre freehold site handles a range of bulk cargoes.
PD Ports' group ceo, David Robinson, commented: "This business has a long established market position in key market sectors and a highly experienced team of people, and has a proven track record as an innovative and customer-focused ports business.
“We look forward to working closely together in the coming months, to develop a stronger and progressive operating platform in the Humber, developing new business opportunities and creating opportunities for staff to grow and develop within the current and wider asset base.”
Groveport md, Martin Rees, added: "We will become the major asset within PD Ports’ Humber activities, adding to what is already a well-established operation, providing services in both the short and deep sea shipping markets. For our customers and employees, we expect this to be very much business as usual, as PD Ports looks to expand on the successful development that has taken place at Groveport over the last ten years.”
HSBC provided finance for the acquisition for PD Ports, with Ward Hadaway and KPMG acting on their behalf. Groveport was advised by Dow Schofield Watts and DWF.
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