Yearsley Group Acquire Part of Celsius First

Yearsley Group has purchased a significant proportion of the business assets of Celsius First from its Administrators.

The businesses at Bellshill (Glasgow), Grimsby and Wisbech have all been purchased, increasing the cold storage capacity of Yearsley Group by over 50%. Also incorporated in the purchase are a number of large managed distribution contracts including one from Hams Hall (nr Birmingham).

Managing Director Harry Yearsley stated, "The acquisition strengthens Yearsley Group’s share of the cold storage and distribution market. Adding these sites in strategic locations ultimately ensures the highest levels of customer service within the industry are maintained whilst the Company continues its aim of becoming the UK market leader in cold storage & distribution."

Reassuring both clients and staff Harry Yearsley continued, "The initial plan is to operate the sites as usual with the strategy of integrating the businesses over a managed period of time. This will ensure that the transition is as smooth as possible."