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ABP to sell North-west ports to Fox Group

[ March 15, 2024   //   ]

ABP is to sell its ports at Fleetwood and Silloth to Fox Jackson Ports, a new division of construction services, logistics and property company, Fox Group, subject to regulatory approvals.

Fox Group says the deal will support the movement of more of its aggregates by sea. It already operates a stevedoring operations and shipping agency based at Lancaster’s Glasson Dock.

Fox Group chief executive Paul Fox, said: “The acquisition of the ports of Fleetwood and Silloth aligns with our long-term vision for sustainable growth as a company and develops our long established and extensive property portfolio. We look forward to working closely with local communities, businesses and stakeholders to ensure the continued success and development of these vital ports and the economic development of the Northwest.”

ABP Chief commercial officer and regional director, Wales and Short Sea Ports, Julian Walker added: “ABP is committed to securing the best long-term future for the ports in its portfolio. The strong vision that the Fox Group has for the ports of Fleetwood and Silloth, building on the group’s long established local links and presence, offers a bright future for both ports.

“ABP has a number of exciting projects across our remaining ports in the northwest of England and south west Scotland and today’s announced deal allows us to focus resources on further maximising these opportunities.”

Fox Group says it will continue to operate both Fleetwood (north of Blackpool) and Silloth (west of Carlisle) as working ports, handling cargo and providing a strong offering to other maritime customers such as marina users. Fox will also look at other value adding opportunities to develop the ports from this core proposition. The deal is focused on growth.

ABP is committed to working with Fox to support the long term employment of its employees at Fleetwood and Silloth and will ensure all legislative processes are followed. ABP and Fox will be engaging with staff at both locations throughout the acquisition process.

The completion of the acquisition is subject to regulatory clearances, including transfer of Harbour Authority authorisations.

Fox Group has set up a dedicated website and social media channels for interested parties to learn more about the Group, their vision for the two ports and to view updates.

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