Kinaxia Logistics has acquired the trade and assets of Derbyshire-based Nelson Distribution, securing the jobs of all 170 staff employed in the business.
This acquisition follows Nelson Distribution’s parent company KNP Logistics Group filing a notice to appoint an administrator on Friday, September 22 2023.
Nelson Distribution, which is based in Belper, merged with Knights of Old in 2016 and generates annual turnover of £26m. KNP Logistics Group comprises Knights of Old, Nelson Distribution and Steve Porter Transport.
Kinaxia has stepped in to acquire Nelson Distribution’s 117-strong fleet, premises and customer base. All 170 Nelson Distribution staff are transferring to Kinaxia under TUPE arrangements.
Simon Hobbs, Chief Executive of Kinaxia, said Nelson Distribution would continue to serve its customer base as normal as part of the wider Kinaxia group.
He added: “We are pleased to have reached agreement to acquire the trading and assets of Nelson Distribution.
“It’s a good business and an excellent fit for Kinaxia. We share the same values, and Nelson Distribution is based in a good strategic location for our group.
“We are pleased to welcome the entire Nelson workforce and customer base to the Kinaxia family of businesses, and look forward to working with them and continuing to provide their customers with the great service they have been used to.”
