Glasgow-based Monarch Transport is under new ownership after the completion of a management buyout (MBO) at the firm. John Weir and Derek Anderson completed the acquisition of the business this month, having begun the process with an initial payment last December. The deal, supported by an independent bank, sees founder David McFarlane, a Palletforce founder haulier-member, exit, although he will continue to advise the business as a consultant. Monarch Transport, based at Moorpark, also has a depot in Hucknall, Nottinghamshire. […]
Pall-Ex has purchased the pallet distribution business of Surrey-based member Cranleigh Freight Services.
A focus on growth, rather than reducing cross-company costs, will be Abbey Logistics’ priority after its acquisition of Armet Logistics.
EV Cargo UK chief executive Michael Conroy (pictured) is to leave the business just two months after being promoted to the newly formed role from his former position as Palletforce chief executive, which he held for 13 years.