Acquisitions drive growth for logistics firm
Palletline Logistics has driven forward its growth plans after completing a string of acquisitions.
Headed by managing director Paul Elson, the Birmingham headquartered company now has a total of nine businesses under its umbrella, which collectively have grown by 43% to achieve a £50m turnover between them employing 450 people across the UK.
Palletline opened its first wholly owned commercial depot in London in 2004 to serve the capital and the Southeast. Also serving as its southern hub, it provided the springboard to launch Palletline Logistics which has since developed into a portfolio of businesses each strategically situated to enable Palletline Logistics to extend its service offering as well as its geographical presence.
Since the launch of Palletline London a further eight acquisitions have been completed resulting in the successful retention of staff and customers as well as creating new opportunities in terms of staff development and service capability.
Elson said: “The growth of Palletline Logistics from five to nine businesses in the past 12 months has been a massive achievement.
“It has been an incredible success not only forming a strong foundation on which to continue to build in terms of the individual businesses providing a proven formula for further acquisitions whilst at the same time resulting in a significant return both in terms of profitability and turnover.”
Palletline’s Logistics Business comprises nine transport businesses; Mike Watson Transport, ABE Ledbury, S&S Distribution, Fast Forward Distribution, Palletline London, Palletline Whitehead, Palletline Northeast and recent acquisitions Ningbo Wrexham and Ningbo London.
