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 Innovate Logistics Acquires Grampian Country Transport Limited - 2006-03-10

Innovate Logistics Limited are pleased to announce their acquisition of Grampian Country Transport Limited, ("GCT") the logistics and transport subsidiary of Grampian Country Food Group.

Pete Osborne, Managing Director of Innovate Logistics said, "I am delighted that GCT is now part of the Innovate Group. The combined transport and logistics group will have a fleet of 250 tractor untis, 300 trailers and an anticipated turnover this year in excess of £90m. This means that Innovate is well on the way to fulfilling its stated aim of being the market leader in the refirgerated transport storage and distribution industry."

Innovate looks forward to delivering an excellent service to Grampian Country Food Group with whom GCT has a new long-term contract and also extending its customer base by building on GCT's reputation for good service. The existing management team will remain.

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