Associated British Ports (ABP) announces today that it has completed the acquisition of W.E. Dowds (Shipping) Ltd for an undisclosed sum.
Established in 1960, Dowds is among the UK’s leading family-owned port operations businesses. The company operates a total of 10 separate warehouses with a combined area of over 50,000 sq m based at ABP Newport, South Wales.
James Cooper, Chief Executive of ABP, said:
“ABP's acquisition of W.E. Dowds follows our long-established partnership with the Company at the Port of Newport.
"The deal builds on Dowds' excellent track record serving the UK steel market, enabling the business to continue to grow by providing first class customer service.
"As such, the transaction will also help secure further growth and success for the Port of Newport for many years to come."
Matthew Kennerley, ABP Director, South Wales, said:
“We’ve been working closely with W.E. Dowds for many years and the business is an important part of the Port of Newport’s success. We’re looking forward to welcoming our new colleagues and achieving even greater success in the future."
Charles Dowds, Managing Director of W.E. Dowds, said:
"We have been pleased to work with ABP and its predecessor for over 50 years. Throughout that time ABP has demonstrated a strong commitment to the success of Dowds and the Port of Newport. The £4 million investment in the reconstruction of the Shed 5 facility is the most recent example.
“ABP's acquisition of Dowds demonstrates that their commitment to investment continues. We look forward to our future within the ABP family, which gives us an even more powerful platform to drive further growth."
Separately, the Port of Ipswich celebrates record tonnage-handling year for Brett Aggregates
ABP’s Port of Ipswich has reported 2017 as a record-breaking year, which saw the port handle the highest tonnage levels of cargo for Brett Aggregates since 2000.
The seventeen year tonnage-handling milestone of just over 421,690 tonnes was achieved thanks to ABP’s programme of continuous investment in port infrastructure and equipment, and Brett Aggregates’ investment in a new processing plant and rail capacity at the Port of Ipswich. In comparison with 2016, the year 2017 saw the handling of an extra 90,361 tonnes by the Port, representing a 27% year on year increase. Brett Aggregates operates a terminal within the Port of Ipswich where marine-dredged aggregates arrive by ship from East Coast UK offshore sites. Material is stored and processed on site for delivery to customers by road, rail or sea for use in concrete manufacture and other construction projects in and around the Capital.
Adam Smith, General Manager, Brett Aggregates – Eastern, commented:
“These improvements have increased our annual capacity and further strengthens our ability to respond to demand as opportunities arise. Our team on site and our close relationship with the team at ABP has been key to delivering the upgrades.”
Other highlights in 2017, included ABP Ipswich and Brett Aggregates winning the annual Rail Freight Group (RFG) Community and Environmental Responsibility Award for their work in developing a new rail-based flow from the Port of Ipswich to London Concrete in Watford.
The new rail flow has brought significant environmental and community benefits when compared with road transport. Since January 2016, nearly 100,000 tonnes of product have been transported by rail as a result of this project, representing more than a fifth of Brett Aggregates’ throughput at the Port of Ipswich. Each 1,100-tonne trainload removes nearly 40 lorry movements from the UK road system. Delivering this volume would have meant nearly 750,000 road miles, some 46,000 miles each month, or nearly twice the circumference of the earth.
Andrew Harston, ABP Short Sea Ports Director, said:
“We are proud to have worked with our customers Brett Aggregates to enable them to set a new 17 year volume record at ABP Ipswich and we are committed to continuing to improve port facilities to contribute to further business growth in 2018.
“By working closely together with Brett Aggregates we have not only won new business to rail and to the Port of Ipswich, we have also successfully rolled out new to rail business projects, which will improve connectivity and facilitate sustainable growth by moving product by rail. ”