Palletforce buys UK Freight Masters to create own-brand depot
Palletforce is to create its first own-brand depot through the acquisition of one its member companies, UK Freight Masters. Based in Belvedere, South-East London, UK Freight Masters was founded 25 years ago by David Bland and joined the Palletforce network in 2005.
Palletforce said that Bland will remain in UK Freight Masters for six months to “ensure an orderly and seamless transition”.
The tactical move will see Palletforce own and operate its own transport and distribution centre for the first time, with a fleet of 30 multi-use vehicles on the road.
“This was an important strategic decision for Palletforce as we look to bolster our position as the leading pallet network and focus on service provision around London as part of our expansion targets,” commented Palletforce chief executive officer Michael Conroy.
“Palletforce is, and will remain, a member driven network. However, in certain key strategic areas we need to invest long term for the benefit of the entire network. Quality, consistency and longevity are paramount to our ongoing success.”
UK Freight Masters staff will transfer to Palletforce under TUPE conditions as part of the deal.
