Devon transport firm STR Logistics has been sold, securing 144 jobs. The Exeter-based business and its assets have been acquired by Devon & Cornwall Logistics Limited (DCL) for an undisclosed sum.
Insolvency practitioner SFP, which documents filed on Companies House show was appointed last month, confirmed STR was in administration at the time of the sale.
Founded in 2002 by Steven Richardson, STR provides home deliveries, pallet distribution and secure freight handling services across the South West.
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