Shift Acquires Tuffnells Parcel Express, Saving Iconic Delivery Brand and Creating Job Opportunities
Shift, a logistics technology company, has acquired the brand and intellectual property assets of Tuffnells Parcel Express, a delivery company that collapsed this month, resulting in the loss of more than 2,000 jobs.
Shift's purchase of Tuffnells' assets ensures the survival of the corporate name, which dates back to 1914.
The fate of the bulk of Tuffnells' former workforce remains uncertain and is dependent on whether a new owner of its depot network can salvage the bulk of its client contracts.
Shift's purchase of Tuffnells' assets is part of the company's effort to build a logistics tech powerhouse and expand its logistics coverage across the country.
The company's biggest clients in Britain include Homebase and IKEA.
In April, it bought Berlin-based Movinga, and says it has created an on-demand delivery marketplace that is technologically advanced.
Shift, a private company, has acquired Tuffnells' depots through administrators Interpath Advisory.
The identities of other potential buyers were not disclosed.
The transaction will secure the future of Tuffnells, a well-established courier brand, and create job opportunities for the purchaser.
The fate of the bulk of Tuffnells' former workforce remains uncertain and is dependent on whether a new owner of its depot network can salvage the bulk of its client contracts.
Shift's purchase of Tuffnells' assets is part of the company's effort to build a logistics tech powerhouse and expand its logistics coverage across the country.
The company's biggest clients in Britain include Homebase and IKEA.
In April, it bought Berlin-based Movinga, and says it has created an on-demand delivery marketplace that is technologically advanced.
Shift, a private company, has acquired Tuffnells' depots through administrators Interpath Advisory.
The identities of other potential buyers were not disclosed.
The transaction will secure the future of Tuffnells, a well-established courier brand, and create job opportunities for the purchaser.
