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 […]
Palletways has significantly increased its capacity at its central hub in Lichfield, Staffordshire, after taking on the former UK Pallets site on Fradley Distribution Park.
Eddie Stobart’s purchase of The Pallet Network marks the next step in the evolution of the sector, claims boss
Eddie Stobart Logistics’ purchase of The Pallet Network (TPN) represents the evolution of the pallet network model, according to MD Mark Duggan (pictured).
Drivers have launched a campaign for trade union recognition at Eddie Stobart’s Carlisle, Lillyhall and Penrith depots in Cumbria.