Monday, May 27, 2024
Acquisitions help Simarco’s airfreight volumes soar

Acquisitions help Simarco’s airfreight volumes soar

Airfreight volumes at Simarco Worldwide have taken off, in the 12 months since tying up deals to buy Formula Goss International, and Sutch and Searle.

Volumes have risen by six per cent in 12 months, with Simarco co-founder and CEO, Simon Reed saying that the successful integration of the two companies has made airfreight operations more efficient.

Reed says taking over companies is a challenge, saying: “Before we had agreed the acquisitions, though, we had a clear idea of what we wanted to do and how we might best consolidate our in-house air freight expertise with the experience of both FGI and Sutch and Searle. I’m delighted to say that the hard work of everyone involved in this comprehensive restructuring has paid off.”

He adds: “Even allowing for the fact that administrative work has taken some time to complete, we have managed to make savings and generate considerable high volume and high value new business in the 12 months since, as well as being able to recruit extra staff as the division takes off.

“Having seen airfreight sales rise to more than £4.5 million in the last year, we believe that the performance thoroughly vindicates our initial decision and bodes very well for the future.”

Reed says the acquisitions and integration means Simarco can consolidate services into a single unit at Heathrow Airport.

Prior to the deals, Simarco did not have a physical presence, having run airfreight operations from its depot in Witham, Essex and in Stoke-on-Trent.

The airfreight team has grown to 15, including the appointment of Karl Parker as head of airfreight.

He has more than two decades of airfreight experience including working at Hellmann Worldwide, Panalpina, UTi Worldwide and DHL.

Reed says: “In addition to our acknowledged global capabilities by road and sea, if clients also need a truly fast and flexible air freight solution, we are now able to offer that as well.”


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