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. […]
Refrigerated-rental firm Petit Forestier is to buy leasing and rental provider Fraikin in a deal that will create a European player with combined sales of €1.3bn (£1.09bn).
Wincanton has delivered a “boringly predictable” set of results for the six months to 30 September 2013, with group turnover down 1.6% at £542.3m and operating profit up 2.1% to £24.2m compared with the same period last year.
Bridgend, South Wales-based John Raymond Transport saw an increase in both turnover and pre-tax profit last year.