Palletline subsidiary Palletline Logistics has acquired the pallet distribution and warehousing elements of Palletline member Ningbo Palletised Distribution.
This is Palletline Logistics' ninth acquisition since it was launched by Palletline in 2015.
Other purchases by the directly owned member business include S&S Distribution, Mike Watson Transport, ABE Ledbury, Fast Forward Distribution, and Palletline London.
This latest purchase sees the creation of Ningbo Wrexham and Ningbo London. Between them the two firms will employ a total of 120 staff and operate a fleet of 70 vehicles.
Ningbo Palletised Distribution, which was established in 1994, has been a Palletline member since 2015.
It began by supplying and delivering nationwide contract furniture and expanded its services to include palletised distribution, walking floor bulk distribution, storage and warehousing, pick and pack, contract furniture sales and commercial property.
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Following the acquisition, Ningbo Palletised Distribution will retain 40 staff and focus on walking floor bulk haulage, online contract furniture sales and commercial property rentals.
Paul Elson, MD at Palletline Logistics, said: “We are delighted to add Ningbo Wrexham and Ningbo London to the Palletline Logistics portfolio.
“The acquisition will provide us with a platform for growth in London and Wales and not only ensure sustainability for the business and its employees, but also our ability to continue to provide high levels of service to Ningbo’s customers.”
Chris Stockton, MD of Ningbo Palletised Distribution, added: “Having spent the past 25 years growing and diversifying the business, I am delighted that Palletline Logistics will be taking over the pallet distribution and warehousing parts of the Ningbo business.
“The deal allows me to focus on walking floor bulk haulage, online contract furniture sales and commercial property rentals, and I’ve retained 40 employees to support and develop those sectors.
“I thoroughly enjoyed my time as a Palletline shareholder member and I am confident that the logistics team will continue to value and support our employees and our highly-regarded customer base."
