Foulger Transport on course for its 10th successive record turnover after MBO
A Norfolk warehousing and distribution company is on course for its 10th successive year of record turnover following a management buy-out in 1996.A Norfolk warehousing and distribution company is on course for its 10th successive year of record turnover following a management buy-out in 1996.
Foulger Transport, based at Snetterton, was bought from Richard Foulger by Tom Baron, Barry Germany and Jim Watson who had all been with the company for a number of years.
Although Watson died a few years ago, his colleagues kept things going and the company has continued to go from strength to strength. Since then turnover has grown from £3.3 million and hopes to top £9 million this year.
Founded in 1935, Foulger Transport today employs 120 staff and operates 70 vehicles from vans to 44 tonne artics. The company offers a full range of distribution services from light to bulk haulage, contract transport, groupage, continental services, and nationwide palletised freight distribution.
Whilst its transport operation continues to grow, it has been the company’s burgeoning warehousing business that has been the key contributor the growth in turnover.
Germany said: “Many of our transport customers need storage facilities as well and demand for that has grown to such an extent that we recently invested £2 million in a new 80,000 sq ft warehouse.
“We now have access to around 250,000 sq ft of warehousing, making us one of the largest players in the East Anglia region and we anticipate that we will need to increase this even further in the not too distant future.”