Suttons International Limited recently completed the asset purchase of the overseas ISO tank containers, personnel, and customer contracts of VTG Tanktainer, a subsidiary of VTG Aktiengesellschaft.
Suttons International is part of the family-owned Suttons Group, a UK and global logistics business providing end-to-end solutions and services to the bulk liquid, gases, and powders sectors. The company said this acquisition puts it into the list of the top 10 global tank container operators, and opens new markets such as South America.
“This is a major step in our strategy to grow our international operations, and to improve the value we offer to our customers through improved scale, increased flexibility, and additional geographic coverage,” said John Sutton, managing director of Suttons International and CEO of Suttons Group.
Relevant VTG staff have been transferred to Suttons international, the company added.
Integration of the two operations has included joint customer visits, updated agency agreements, transfer of all relevant assets, discussions with suppliers, IT systems implementation, and training for the team. Logistics planning is now using the larger network, so existing and new Suttons customers will immediately start to see the benefits.
“We are delighted to welcome our new colleagues transferring across from VTG,” Sutton said. “In fact, because of the scale of the new business, we are already recruiting additional positions to join us. That is all part of our commitment to growing Suttons International and providing our customers with an exemplary service.”