Transport firm Expect Distribution has snapped up Colchester’s Pallet Plus in an undisclosed deal.
The £46m turnover Bradford-based provider of warehousing, distribution and contract logistics said the move is part of a growth plan to build its national presence. Bosses at Expect said Pallet Plus is an efficient business that brings with it a modern fleet, long-term employed qualified drivers and an impressive IT infrastructure.
Family run Pallet Plus began in 2005 and has grown into a reportedly £10m turnover business. The firm specialises in palletised delivery across the UK, Ireland and Europe.
Gary Rowe, managing director at Pallet Plus, said: “The acquisition by Expect Distribution is a significant milestone and marks an exciting new chapter for both companies. Together, we will combine our collective resources, cutting-edge technology, and industry knowledge to provide even greater value to our clients. As we embark on this journey, I want to express my gratitude to our loyal customers, dedicated employees, and valued partners.”
Andy Taylor, operations director and co-owner at Expect Distribution, said: “With the purchase of Pallet Plus, we can not only significantly increase our presence in South East with an owned operation but also bolster the proposition, by expanding the transport side of the business and introducing, in the medium term, a new warehousing offering which has been an important growth area for us in Bradford over recent years. I’d personally like to thank the team at Pallet Plus, and we look forward to working with them, to take both businesses forward.”
Pallet Plus was advised in the deal by the corporate team at Ellisons Solicitors, led by corporate and commercial partner. Paul Forsyth. He said: “Gary and Arlene, owners of Pallet Plus, have been longstanding clients of Ellisons and it is a pleasure to see their hard work come to fruition with this deal.
“There were significant complexities in the deal, most notably with the property aspect and the exciting plans for Pallet Plus following the acquisition. Those complexities were hugely enjoyable to work through with Gary and Arlene and we are thrilled with the result.”
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