Stobart Group has announced plans for a £115m fundraising and reorganisation of its business.
Edward Stobart, who was managing director of Eddie Stobart for over 30 years, has died at the age of 56.
Stobart Group has announced William Stobart and David Irlam are stepping down from its board to concentrate on the core transport and logistics divisions.
The logistics giant reported sales up 11% to £243.7m in the six months to the end of August.
The logistics giant has agreed a new three year distribution contract with soft drinks company.
Stobart said the group has strengthened in all aspects of the business despite the tough trading year, following the announcement of its preliminary results.
Warrington is to benefit from £45.5m of Government funding towards installing improved street lighting.
Stobart said it expects to meet its year end pre-tax profit expectations and deliver further value from its substantial asset base.
Logistics giant Eddie Stobart, part of Stobart Group, has secured a £60m distribution contract with consumer goods manufacturer Unilever UK.