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. […]
Palletforce is looking to take advantage of inevitable consolidation in the pallet sector with its new £50m hub, according to chief executive Michael Conroy.
A dividend of nearly £5m is to be shared out among Palletforce’s 86 member shareholder members as part of the biggest pay out in the network’s 13 year history.
Palletforce has incorporated Olympic data into its Alliance IT system to provide its 100 UK depots with the latest Games information this summer. Network members now have information about the 109 Olympic Games Lanes on the Olympic Route Network, as well as delivery restrictions affecting venues. Dean Hughes, IT director for Palletforce, says: “During the games there will be road layout alterations, diversions, parking and loading restrictions, special Games Lanes and extra security measures all of which will impact on […]