Former directors in Halcyon Tankers buy-out

THE HALCYON TANKERS division of Hargreaves Logistics has been sold to a team of former Hargreaves directors, including previous MD Andrew SpenceWolrich. The deal sees present Halcyon MD Ian Elliott, Spence-Wolrich and Nigel Barraclough, who was MD of Hargreaves Services between 2011 and 2015, become owners of the haulage company. It specialises in transporting petroleum and bulk chemicals across the UK from its base in Port Clarence, Middlesbrough. Elliott will continue as MD at Halcyon Tankers, with SpenceWolrich becoming commercial director and Barraclough taking the role of finance director. Both Spence-Wolrich and Elliott, who was the MD of Imperial Tankers until Hargreaves sold the firm to Suttons Group in 2014, were part of the team that launched Halcyon Tankers in July 2017. The company has seen rapid growth, delivering a turnover of £3m in the first six months and now has a fleet of 26 tankers.

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