The senior management team of UK bonded warehousing specialist Macintyre Scott Xtra have bought the Hampshire-based business.
The distributor of beers, wines, spirits and confectionery to the travel retail industry is now owned by Peter Blatch, business development director, Rob Glanville, operations director, and Mark Pullen, finance director.
Blatch said the new owners wanted to “re-energise” the company, grow its market share and continue developing its new luxury goods category launched in 2016.
“Innovation has always been key to our growth, so it’s important that we continue to anticipate trends within our market so that we can continue to deliver the exceptional service our customers have come to expect,” he said.
MSX handles major brands and international companies’ complex and diverse requirements for storage under bond, stock management and product consolidation in its secure warehouse facility, as well as taking care of their transport and logistics needs.
Companies it works with include NAAFI, Rémy Cointreau UK, Jackson Nugent Vintners, Penderyn Distillery, Mondelez International, SAB Miller Global Retail Duty Free, Bacardi and Twinings.
MD Nichola Ridges-Jones said: “Being a family business, MSX has always been a huge part of my life. When my father died, my driving ambition was always to make MSX the best in class as a tribute to him.
“I know that I am leaving MSX in the capable hands of the executive management team that I have worked with for a long time. They have been instrumental in helping me grow the business to the success it is today.”