Fracht Logistics has acquired the freight forwarding business of Drac Logistics in a deal that preserves jobs and secures continuity for customers.
The Staffordshire-based firm had filed two notices of intention to appoint administrators in recent weeks, seeking court protection from creditors while finalising the deal with Fracht. The value of the transaction has not been disclosed.
The deal sees the Swiss-owned international freight forwarder take over the assets and trade of Drac, which was founded in 2009 and is based in Stone, Staffordshire.
Alex Hayes, Founder of Drac Logistics, said:
“This represents an exciting new chapter. Being part of the Fracht Global family provides continuity for our staff, customers, and suppliers, while offering broader international support and increased resources.”
Drac Logistics’s latest published accounts for 2024 showed a turnover of £16m and a workforce of 33 staff. The company operates across England and Scotland, providing:
- Air, road, rail, and sea freight services
- European groupage
- Customs and clearance services
It manages three warehouses—located in Staffordshire, Greater Manchester, and Aberdeenshire—with a combined capacity of 124,000 sq ft.
Claus Rasmussen, Managing Director of Fracht UK, commented:
“Together, our combined resources and greater presence across the UK create an exciting platform for growth. Both companies are very like-minded in our dedication to customer service and building close relationships with a reliable supplier base to ensure we deliver on our promises.”
The Fracht Group is an independent, family-owned business founded in 1955, boasting more than 150 offices across over 50 countries.
