UK port and logistics business PD Ports has been acquired by a Canadian investment company.
PD, which has operations at 13 UK ports in the north-east, Humberside and East Anglia, was taken over by Brookfield Asset Management.
“As a result of the sale, PD Ports has a new financial structure, which will provide a stable platform to support our future growth and development,” said David Robinson, PR Ports’ group chief executive.
The purchase is Brookfield’s first foray into ports. It has formed a new holding company Brookfield Ports (UK) Ltd to complete the purchase of PD Ports.
PD Ports’ stevedoring services include timber handling at Immingham.
