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% […]
The Association of Pallet Networks (APN) is calling on government to suspend fuel duty for the logistics industry to protect hauliers from the impact of the COVID-19 pandemic and secure the supply chain.
Palletforce is in the process of creating 100 new job roles at its central hub in Burton upon Trent.
A continuing appetite among private equity and the entry of trade buyers into the sector is proof of the enduring attraction of the pallet network model, according to Palletways CEO James Wilson.