A Latvian transport and logistics group has swooped for a long-established Humber haulier.
Kreiss SIA, operational across Europe, has bought out C Neil Dowson, the Stallingborough-based business that first launched in Hull in 1990, in an undisclosed deal.
It provides haulage services across the UK, boasting a fleet of tractor units, skeletal trailers, forklifts, and its own yard located a mile from the eastern entrance to Britain’s largest port, Immingham. It all forms part of the deal, providing Kreiss with a new base in the UK, further expanding international operations, with 26 staff employed.
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Sergejs Zalizko, director, said: “We are delighted to welcome C Neil Dowson into the Kreiss Group. This acquisition will help us build out our UK base to enhance our services for clients in the UK. C Neil Dowson has an excellent reputation in the market, and we are pleased to be working with them and their team to continue to deliver first-class haulage solutions to customers.”
Kreiss, launched in 1994 with a single truck, provides transportation for pharmaceuticals and cosmetics, hazardous cargo, and frozen and perishable goods. It now has offices in six countries, a fleet of 2,000 trucks and trailers, and employs around 2,400 staff, turning over more than £260 million.
Dowson moved from Hull to Immingham in 2001, when its Maritime Yard on Scandinavian Way, Kiln Lane Industrial Estate, became available.
Neil Dowson, operations director, will remain with the business for at least the next year following the deal. He said: “Over the past 32 years of trading, C Neil Dowson company has been recognised by its customers, staff and suppliers for its loyalty and reliability within the market. These principles can now be carried into the future with the support of Kreiss behind us. Becoming part of Kreiss Group marks a new chapter for C Neil Dowson and I am confident that it will be a positive move for the business and its customers.”
A team from Weightmans led by Paul Raftery, provided legal advice to Kreiss on the acquisition, its first in the UK, with Chasz Coulsting at Crowe UK and Stuart Laight at SJL Advisory. For Dowson, Mark Daubney at Bridge McFarland and Mike Beckett at Forrester Boyd supported.
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