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 […]
Millfield Haulage has joined the Palletforce pallet network.
Pall-Ex is targeting Slovakia and the Czech Republic as its next European network, having also recently begun searching for a franchise partner in Bulgaria.
Wincanton has released details of its deal to manage Britvic’s new 273,000sq ft Rugby facility, which went live recently.