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 […]
Palletforce member Evans Transport has spent £2.5m on more fuel efficient vehicles in the past year, as part of an on-going fleet replacement programme.
Suttons Group looks set to flex its financial muscles under the leadership of new MD John Sutton and is looking at acquisition targets in the UK food supply chain market.