Belfast logistics company TR Group has expanded its European operations following the completion of a major acquisition in the Netherlands.
The firm, headed by managing director Tommy Rodgers, has acquired the logistics and warehousing operations of BG Freight Line, part of Peel Ports UK, at Rotterdam.
The BG operation has been integrated within Tracco BV, the existing TR Logistics subsidiary at the Dutch transport and freight hub. Tracco provides warehousing and logistics with a full groupage service.
The acquisition, the value of which was not disclosed, doubles Tracco’s warehousing resources to 50,000 sq ft and has created 10 new jobs in Rotterdam.
Mr Rodgers said: “This is a significant strategic development which strengthens our position in Rotterdam, Europe’s biggest distribution hub, and enables us to offer enhanced services to customers in Northern Ireland and from other markets.
“It provides greater scope for Northern Ireland companies seeking a cost-effective and efficient base from which to win more business on the continent.
“We expect the investment to make a significant difference to our international operations and to double turnover during 2009. This will build on the 25% growth over the past year.”
TR Logistics Group currently operates almost 500,000 sq ft of warehousing space in Northern Ireland. It employs around 100 people at its facility at West Bank Way in Belfast’s Harbour Estate.
The Rotterdam facility is also linked electronically to the group’s warehousing, distribution and export processing operations at the Port of Belfast, Lisahally in Londonderry, Craigavon, Carrickfergus and Larne.
As a result of the acquisition, Tracco is now working with international customers such as Yanmar Engines of Japan and France’s ACGO Tractors. Activities include shipping services, cargo air freight and cargo forwarding.