Knowles Transport acquires Masters Logistical

Cambridgeshire-based Knowles Transport has acquired a 100% shareholding in fellow 3PL warehousing & distribution provider Masters Logistical. Based in Ely, Masters offers services across Cambridgeshire and East Anglia and is a member of the Palletline freight distribution network. The acquisition comes at a period of significant growth for Knowles Transport.

Financial results for the year ending 31 December 2020, showed the company made a profit of GBP2.5m - up from GBP2m in 2019.

Turnover also increased by 5.8% to GBP38.4m. [...]

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