Chemical and transport specialist, HW Coates, has secured the long-term way forward for Lincolnshire haulage company RASE Distribution after buying the businesses.
RASE owners, Geoff Hill and Kate Dame, sold the family-run business towards Leicestershire firm on an undisclosed sum.
Mr Hill continues to provide the firm as being a Director.
Founded by David and Jean Hill in 1967, Langworth-headquartered RASE provides transport and storage serves towards packaged hazardous goods sector.
Andrew & Co Solicitors acted for RASE together with Streets Chartered Accountants’ Corporate Finance Partner Neil Gray.
Associate Partner Paul Simpson said: “Andrew & Co comes with an established track record of advising on mergers and acquisitions and possesses been my pleasure to cooperate with Geoff Hill as well as RASE team all over the deal.
“RASE has led within the front to use field in excess of Fifty years and I’m confident they’ll keep range from strength to strength within the HW Coates group.”
Mr Hill added: “This would be a landmark decision which could provide long-term business continuity and succession for our staff and our customers.
“In HW Coates is a very good partner which includes a similar culture to RASE. Together with extensive knowledge of the high-value, high-quality logistics industry, they can be well financed and find the prefer to continue to develop the business we’ve grown over the last Fifty years.”