The Delivery Group is moving into the pallet market as a shareholder member of the Pallet-Track network.
TDG chief executive Steve Stokes said: “Pallets represent a major growth market and there was a clear desire from our client-base for this service within our portfolio. We began the search for the very best national network to link our brand to, and, after months of analysis we are delighted to announce Pallet-Track as our chosen partner.”
The Association of Pallet Networks forecasts that pallet deliveries will increase 6.7 per cent this year to a total of 28.5 million pallets. Wolverhampton-based Pallet-Track turned over £94.million last year.
Nigel Parkes, managing director of Pallet-Track, said: “We welcome the arrival of The Delivery Group as it represents synergies for both businesses looking to diversify their offerings. The Delivery Group wants to offer palletised freight and we are in the business of being responsive to evolving customer demand.”
Last month The Delivery Group bought Onepost, which manages 400 million items of mail both domestically and internationally across the retail, mail order, charities, travel, publishing and print management sectors. As a result of the deal TDG expects to turn over some £250 million next year, employing 500 staff at seven locations.
Also last month, Pallet-Track appointed Julian Maturi, formerly of Palletways, as non-executive chairman to replace John Allen. Maturi is also non-executive chairman of Abbey Logistics.