The move forms part of a period of rapid expansion for the cold chain solutions specialist, whose core business includes cold store construction expert ISD Solutions. Group turnover has risen sharply from £58 million in 2024/25 to £88 million in 2025/26, with further growth expected through a blend of organic development and targeted acquisitions.

The acquisition comes at a time of strong performance across the UK cold chain sector. The logistics market is forecast to grow quickly, driven by rising e-commerce volumes, pharmaceutical distribution needs and evolving food sector requirements. Operators are increasingly investing in automated, sustainable and energy-efficient facilities.

HBCL, founded nearly 25 years ago and owned by husband-and-wife team Craig and Caroline Lovett, has built a strong reputation in the retail sector. The company will retain its brand identity and its 27 employees, while gaining access to P&M’s wider expertise, resources and supplier network. Craig Lovett will continue as managing director.

“We are delighted to announce the acquisition by the market leader in our industry,” Mr Lovett said. “Jointly, we envisage a stronger market presence while maintaining our values and service levels. The sale came after thoughtful consideration of how best to ensure HBCL’s future success, and we felt that The P&M Group were a great fit for us, with similar values, shared expertise and a united vision.”

Tony Wall, managing director of the P&M Group, highlighted the longstanding relationship between the two businesses. “HBCL have been in business for almost 25 years and many of our staff are already familiar with the company and the Lovett family,” he said. “Personally, Craig and I have known each other for many years and it is this long-standing relationship that has led him and Caroline to join forces with us. We are also delighted to confirm that Craig will be remaining with the business as we move forward together.”