Jersey Post to acquire Fraser Freight

Monday 18 July 2016

Jersey Post has recently announced its intention to acquire premium European logistics company - Fraser Freight – based in Portsmouth.

With huge global industry change, postal authorities worldwide are looking at opportunities to grow new revenue streams in order to support the decline in existing markets.

Jersey is no exception to this and the purchase of Fraser Freight represents an exciting opportunity for Jersey Post to expand its current business operations, in particular its routes into Europe and fill the deficit left by continuing volume decline in its core business. 

Tim Brown, Chief Executive at Jersey Post said: “2016 is one of the most financially challenging years yet for Jersey Post and we must find secure, profitable opportunities that can help us to build on our existing core skills and business strengths in order to address this situation. Although, the acquisition of Fraser Freight is currently subject to regulatory approval, we are very excited by what this deal will mean to our business and the potential to enhance our existing services.” 

Ross Fraser, Managing Director at Fraser Freight said: “We have been actively seeking a buyer for the business and are pleased to be progressing with Jersey Post. There are strong synergies between our mutual desires for business growth and I am excited by what this deal means to both Fraser Freight and Jersey Post. Whilst the acquisition is currently subject to regulatory approval, it is very much business as usual for Fraser Freight, providing high quality logistics services to our valued clients.” 

Through this acquisition, Jersey Post intends to retain all existing staff based at Fraser Freight and there will be no compulsory redundancies either at Fraser Freight, or at Jersey Post as a result.