Pall-Ex has purchased the pallet distribution business of Surrey-based member Cranleigh Freight Services. This is first acquisition Pall-Ex has made since its management buy-out in November last year and its fourth acquisition of a network member. The other three are Shears Brothers (Transport), Intercounty Distribution and Pall-Ex London. This latest purchase has been bought through a shell company owned by Pall-Ex and will trade as Cranleigh Distribution Services. The deal sees the acquisition of the pallet distribution business of Cranleigh […]
Kevin Buchanan is expected to be revealed as group MD of Pall-Ex imminently, marking a sensational return for the man that quit the top job at rival Palletline in August.
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.
Tuffnells Parcels Express sales have risen sharply with almost 300 new customers being brought on board since it was acquired in December by Connect Group.