Tag: UK

Pall-Ex Europe with Hellman

Pall-Ex has launched Pall-Ex Europe, a full European service, in a partnership with Hellmann Worldwide Logistics. The service will complement its existing partnerships in Spain, Germany and Scandinavia, says the network. Pallets will be transported to the Pall-Ex central hub in Leicestershire for onward trunking to Hellmanns hub in Niederaula, north-east of Frankfurt, from where HWL will deliver to all European destinations.

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3i cashes in its 2002 Palletways investment

Venture capital company 3i has sold off its stake in West Midlands firm Palletways, one of the country’s leading specialist freight services companies.

Palletways, based in Lichfield, has been acquired by Phoenix Equity Partners, which has backed James Wilson – the former European senior-vVice president of TNT Express Worldwide – as the new chief executive.

3i invested some 8.3 million euros (pounds 5.53 million) in Palletways in May 2002 to fund a management buyout. Since then the company has extended its network across Europe and performed consistently well over the last two years, more than doubling its turnover.

The company operates a national hub and spoke network that allows regional hauliers to deliver small consignments nationwide at low cost.

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