Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m. The pallet network’s previous owner, Phoenix Equity Partners, purchased the company in 2004 when it backed CEO James Wilson’s takeover. At this point Palletways was 10 years old as a business with a definite UK focus. Since then, the network has transformed itself into a pan-European network operating in more than 20 countries through a mix of directly owned hubs and line-haul agreements with domestic hauliers. […]
Palletways has significantly increased its capacity at its central hub in Lichfield, Staffordshire, after taking on the former UK Pallets site on Fradley Distribution Park.
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.
Dave Walmsley has been named as the MD of Palletways (UK) as part of a wide-ranging management restructure at the network that sees former UK MD Luis Zubialde move into the new role of chief operating officer at Palletways Group.