Type | Private |
---|---|
Industry | Logistics |
Founded | 1940s |
Founder(s) | James Irlam |
Headquarters | Chelford, Cheshire, England, UK |
Key people | David Irlam, CEO |
Revenue | £50 million (2007) |
Net income | £1.2 million (2007) |
Employees | 674 (2008) |
Parent | Stobart Group |
Subsidiaries | Irlam Storage LLP |
Website | www.jamesirlam.co.uk |
James Irlam & Sons Ltd (later trading as James Irlam Logistics) was a British road haulage company founded in the 1940's by James Irlam. It was owned and run by the Irlam family until its acquisition by rival logistics firm the Stobart Group in April 2008 for £59.9 million.
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James Irlam & Sons Ltd was founded by James Irlam in the 1940s in Manchester. Following the development of Manchester Airport, the business re-located to Chelford, Cheshire. The business transported milk churns to Manchester dairies and returned with corn supplies for local farms.
His son, Ken Irlam, later took over the running of the firm. In 1964 the firm operated from just one truck.
The business later passed to Ken Irlam's four sons, David Irlam, Michael Irlam, Andrew Irlam and Stewart Irlam. David Irlam became Chief Executive, Michael Irlam became Managing Director, Andrew Irlam became Operations Director and Stewart Irlam became Finance Director. Andrew sold his 25% share of the business to his three brothers in 2004 to pursue ventures in commercial property.
By 2007, James Irlam had grown to such an extent that it had major clients including Proctor & Gamble, B&Q, Groupe Danone, Coca-Cola, Ministry of Defence (United Kingdom), Unilever, Tesco, Johnson & Johnson, Mars, Incorporated, Golden Wonder, Britvic and GlaxoSmithKline.
At the end of 2007, its rival, the Stobart Group (who shared some of the same clients as James Irlam), approached the Irlam family with a view to acquiring their firm. In January 2008, Ken Irlam passed away, and shortly afterwards, David Irlam, Michael Irlam and Stewart Irlam agreed to sell James Irlam & Sons Ltd and its subsidiary, Irlam Storage LLP, for a total consideration of £59.9 million to the Stobart Group. The deal, announced on 10 March 2008 and completed on 4 April 2008, was for £36.2 million in cash, £10 million in new Stobart Group shares, and £13.7 million in Loan Notes. As a result, the Irlam family now own 2.88% of the enlarged Stobart Group. David Irlam also joined the Board of Directors of the Stobart Group as an Executive Director.
Initially, the James Irlam brand and livery were to remain, but James Irlam has since been completely integrated into the core Eddie Stobart Ltd business and re-branded under the core Eddie Stobart brand name.
David Irlam stepped down from the Stobart Group Board of Directors on 8 March 2011, but remains with the Stobart Group in the same title of Executive Director.