Fowler Welch sold for £98 Million

Dart Group plc, the Leisure Travel and Distribution & Logistics group which owns the haulage company Fowler Welch has been sold to Culina Group Limited for £98 Million.

Fowler Welch is one of the UK's leading providers of food supply-chain services and serves retailers, processors, growers and importers through its distribution network. In addition, the business has a 50% share in a joint venture fruit ripening and packing business, Integrated Service Solutions, located at its Teynham facility. At 31 March 2020, Fowler Welch had unaudited net assets of £60.5 million.

The Dart Group PLC Board 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.