Yorkshire firm aims for sustainability with sale of logistics arm
A historic Yorkshire company has announced that it has sold its logistics arm as it aims to build a more sustainable business.
John Good Group, based in Hull, has sold Good Logistics, its logistics, forwarding and liner agency business, to Denholm Group.
The company said that the money gained from the sale will be reinvested into its remaining businesses, Trans European Port Services, Dan Shipping and Chartering and Bay Shipping, and Good Travel Management.
Stewart Oades, chairman of John Good Group, said: “We are pleased to have agreed the sale of Good Logistics to Denholm Group, which will secure an excellent future for Good Logistics and its employees.
“It’s also an exciting time for the John Good Group as we continue to operate in the maritime, travel, haulage and warehousing sectors, explore new opportunities and build a more sustainable business for the long term.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs