Schenk Tanktransport acquires Suttons Tankers Ltd
Schenk Tanktransport, recognised as one of the leading tank transport companies in Northwest Europe, has announced its acquisition of Suttons Tankers, a UK-based road tanker logistics provider. This strategic move is expected to significantly enhance Schenk’s European presence and strengthen its service offerings.
The acquisition will lead to a nearly 50 percent increase in Schenk’s revenues and workforce, bringing totals to €440 million and 2,600 employees, respectively. The company operates a fleet of over 1,450 tractor units, 1,300 owned trailers, and 1,000 tank containers.
In recent years, Argos Wityu has played a crucial role in supporting Schenk through a successful transition of shareholders and management for this long-established family-owned Dutch company. The focus has now shifted toward fostering further topline growth, particularly through an international buy-and-build strategy. Maarten Meijssen, Partner at Argos Wityu, noted, “This acquisition is part of Schenk’s plan to expand into new geographic markets and leverage the local platform alongside Schenk’s experience to establish a leading position in those markets. Conversely, Suttons Tankers’ expertise in new product segments presents opportunities within our existing markets.”
Suttons Tankers holds a prominent position in the UK road tanker transport sector. This century-old family-owned business is known for its strong heritage and reputation, aligning well with Schenk’s core values. Suttons Tankers services a range of blue-chip clients across the UK, transporting various types of chemicals, gases, fuels, liquid waste, and powders. Additionally, Suttons Tankers’ extensive network in the UK provides a foundation for accelerated growth by integrating Schenk’s existing client portfolio and intermodal activities in and out of the UK.
Marcel Claessen, CEO of Schenk Tanktransport, remarked, “The acquisition of Suttons Tankers is a significant milestone for us. We are now positioned as frontrunners in the Pan-European market for specialised tank transport, which will enhance the value we provide to our customers.”
For more information visit www.suttonsgroup.com
31st October 2024













