MAT/TPN deal
The Pallet Network has linked with MAT Group to provide an international palletised distribution service. MAT’s Grays, Essex depot is also on board as a UK member of the network. The deal is the direct result of a report in Motor Transport in August 2004 of Brian Rosier’s purchase of MAT. “It’s taken a year to make it happen,” TPN chairman Richard Eldred says. Meanwhile, 15 members have bought shares in TPN from existing shareholders, typically in tranches of (pounds sterling)5,000 to (pounds sterling)10,000, Eldred says.
