Eddie Stobart Logistics has purchased The Pallet Network (TPN) for £52.8m. The operator confirmed today (28 June) that it had entered into an agreement to acquire the share capital of the pallet network, which comprises 106 regional hauliers (members) on a cash and debt-free basis. It has done this, in part, via a £30m share placing with institutional investors (see finacing the deal below for more). Eddie Stobart Logistics signaled its intention to investors earlier this month. Alex Laffey, CEO […]
Palletline has bought network member S&S Distribution, in a first for the pallet network.
Elddis Transport has joined Palletforce after a 17-year hiatus from pallet networks.
Bibby Distribution has welcomed former employee Dean Jones back to the business in the newly created role of sector director. Emma Shone