Almost 200 jobs saved as Kinaxia Logistics buys counterpart after owner prepares to enter administration

Kinaxia Logistics has acquired Nelson Distribution, saving all 170 jobs at the company. Nelson Distribution, based in Derbyshire, saw its parent company file a notice to appoint an administrator before the takeover. Kinaxia has acquired the trade and assets of Nelson Distribution, including its fleet, premises, and customer base. The 170 Nelson Distribution employees will transfer to Kinaxia under TUPE arrangements. Kinaxia is headquartered in Macclesfield and employs over 1,600 staff nationwide, with a fleet of more than 850 vehicles. Its revenue in 2021 was £184.9m, with a pre-tax profit of £3.2m.

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Frequently Asked Questions

Q: What is the news article about?

A: The news article is about Kinaxia Logistics acquiring Nelson Distribution to save almost 200 jobs after the owner prepared to enter administration. [source]

Q: Which companies are part of KNP Logistics Group?

A: KNP Logistics Group comprises Knights of Old, Nelson Distribution, and Steve Porter Transport. [source]

Q: How many jobs were saved after the acquisition?

A: All 170 jobs at Nelson Distribution were saved after it was acquired by Kinaxia Logistics. [source]

Q: How many deals has Kinaxia made in the past?

A: Kinaxia Logistics has made 12 deals in the past seven years. [source]

Q: Is there any other relevant information?

A: The acquisition of Nelson Distribution is one of the many acquisitions made by Kinaxia Logistics, which has acquired other companies in the transportation and logistics industry. [source]