This acquisition represents a milestone in Suttons Tankers’ history, it said. Suttons Tankers is well-positioned to capitalise on new opportunities through integration with Schenk’s vast European network.
The combined strengths of the two businesses will allow Schenk UK to accelerate growth, serve new markets and further enhance the range of services provided.
Michael Cundy, managing director, commented: “Over the last 10 years we have seen significant growth and development of the Suttons Tankers business, always with the leadership and support of the Suttons Tankers shareholders and non-executive team.
“We have a business that is strategically placed to deliver further long-term growth and exceptional customer service in our chosen product sectors.”
While the name changes to Schenk UK, the organisation will continue to operate with its current leadership team, including Michael Cundy as managing director, Chris Orger as finance director, Chrisi Lloyd-Roberts as operations director, and Karoline Campbell as HR director.
The company said this continuity ensures that Suttons Tankers’ long-standing commitment to safety, quality and customer relationships will remain at the forefront of the business as it transitions into this next phase.
Cundy added: “Our acquisition by Schenk will serve to support this long-term commitment to our markets and represents an exciting next chapter in the proud history of our business. The progress we have made and the opportunities we now have for the future would not have been possible without the hard work and commitment of Suttons fantastic workforce and the support of our customers and suppliers”.
Schenk’s CEO, Marcel Claessen, will oversee the combined business operations.
Commenting on the acquisition, Claessen said: “We are excited to welcome Suttons Tankers into the Schenk Group. This acquisition not only strengthens our market position, but also allows both companies to use each other’s strengths and knowledge that will allow us to offer enhanced services to our customers across Europe. We are confident that this partnership will drive growth and innovation.”