Leading UK logistics provider Bibby Distribution has completed the acquisition of Taygroup Ltd, a major supplier of transport and warehousing solutions.

Founded in 1992, Taygroup operates from a head office in Biggleswade, Bedfordshire, as well as sites in Wigan, Cardiff and Melksham and has developed long-standing relationships with a number of blue-chip customers, including many high street brands. Taygroup shareholders, Jon Wright and Lloyd Dennaford, will remain with the business.

The move is the latest in a number of strategic initiatives from Liverpool-based Bibby and represents a significant contribution towards the company's aggressive growth plans. Acquisitions will be supplemented by organic growth and new business wins.

Over time Bibby will integrate Taygroup into its UK operations, driving efficiencies and added value to both existing and new customers. As part of this integration the business will take on the Bibby Distribution name.

Iain Speak, Bibby Distribution's Chief Executive Officer, says: "Taygroup is a vibrant and dynamic business with a real focus on delivering excellent service to its customers. The acquisition strengthens our overall service offering in a number of key areas and enables efficiencies that will enhance our ability to provide the market with flexible, competitive solutions.

"I am particularly pleased to welcome our new colleagues to Bibby Distribution and look forward to working with them to continue their success under our stewardship."

Jon Wright, former managing director of Taygroup, says: "We are pleased to confirm the sale of Taygroup to Bibby Distribution. I am convinced the company is the ideal partner to help realise the potential of the business and am personally looking forward to becoming part of the Bibby team to make sure this happens."

The deal raises Bibby Distribution's annual turnover by around 10 per cent and adds 300 road assets to the existing fleet as well as expanding its operating footprint by four sites to a total of 62 locations