Private equity company TPA Capital has taken a controlling stake in Wolverhampton-based Pallet-Track. In a statement released today (11 March), TPA Capital said it was delighted to strike the deal with the pallet network, which has 90 haulier members. Set up by MD Nigel Parkes in 2002, with commercial director Carl Jones, Pallet-Track has regional hubs in Wigan and Welwyn Garden City and claims to process around 3.5 million pallets a year. Directors Parkes and Jones held 52% and 24% […]
Julian Maturi, the MD of Palletways when it was sold to its current owner James Wilson in 2004, has returned to the business as an executive director.
Palletline has confirmed it will introduce a new pallet weight restriction of 750kg for tail-lift deliveries later this year, with the aim of boosting safety for its members’ drivers.