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 […]
Canute Haulage Group creditors stand to lose millions of pounds following the sale of the business earlier this month via a pre-pack administration.
Pall-Ex Polska is set to launch in Poland in May 2013, the pallet network has revealed. KMC-Services has become the network’s latest network partner as part of its ambitious European expansion plans. Pall-Ex is aiming to have a 15-strong European network in place by 2015, and Polska will be the company’s fifth European partner. It comes after Pall-Ex Romania went live in December last year. Katarzyna Chabinka, chief executive of Pall-Ex Polska, says: “In Romania, we have already seen how […]