NFT owner to buy Palletforce in £30m deal


 

NFT owner EmergeVest had made a £30m bid for pallet network Palletforce. The acquisition, which remains subject to shareholder approval, will bring investment and also the opportunity to take the Burton-upon-Trent business global thanks to EmergeVest’s logistics interests in he UK and China. Palletforce, which was founded in 2001 by Mick Scarlett, has 88 shareholder haulier members and had a turnover of £18.4m in the year to 31 August 2014 (from network fees). Total network revenue (including deliveries by the […]