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Announced

Completed

Culina completed the acquisition of Fowler Welch from Dart Group for $121m.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Majority

Acquisition

food logistics

Friendly

supply chain

Single Bidder

Third Party Logistics (3PL)

Private

Completed

Synopsis

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Culina, a provider of logistics services for food and drink companies, completed the acquisition of Fowler Welch, a provider of food supply-chain services, from Dart Group, a holding company based in Leeds, for $121m. The Board of Dart believes that the transaction will enable the group to focus on its long-term strategy of growing its Leisure Travel business and, importantly, enables Fowler Welch to continue to flourish and grow profitably under new ownership.

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