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 […]
Eddie Stobart has relaunched its Training Academy and Driving School, offering would-be new HGV drivers finance to help fund their licence acquisition and a guaranteed interview with Britain’s best-known haulier.
Leicester-based Pall-Ex member Premier Logistics has opened its first southern hub, as part of its stated plan to double its operation in size in the coming twelve months.
Pall-Ex has appointed Kevin Morley as operations director, the first senior appointment since Cris Stephenson was named UK managing director of the pallet network.