Palletforce and NFT Distribution owner EmergeVest has bought CM Downton for £75m. The deal sees EmergeVest acquire the entire shareholding from the Downton family. The Downton family will, however, continue to serve in their respective roles as senior management of the company. EmergeVest has been acquiring companies in the UK logistics sector since its formation in 2013. Led by CEO and MD Heath Zarin, EmergeVest’s current UK portfolio includes supply chain software company Adjuno, Allport Cargo Services, NFT Distribution, NR […]
An expected decision by the Health and Safety Executive to not limit the weight of tail-lift pallet deliveries has been met with anger by pallet networks, with Pall-Ex group MD Kevin Buchanan describing the result as the “biggest fudge under the sun”.
FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal.
CM Downton and Arla Foods have both launched national apprenticeship schemes to entice new workers into a sector feeling the pinch of a severe driver shortage.