Palletways sold for £163 million to logistics group

Imperial is a Johannesburg-listed, South African-based international group of companies with a focus on consumer and industrial logistics. 

The company says: "Imperial fully supports Palletways’ current management and has committed to continue the company’s existing growth strategy, with plans to invest further in geographical expansion, product and service development, and Palletways’ leading technology platform. Imperial’s expertise in the logistics sector will help drive further growth and development of Palletways’ offer across existing and new territories."

Palletways delivers 8 million pallets annually across Europe, while Group profits have more than trebled over the last three years.

Palletways will continue to be run as a standalone business within the Imperial Group following the transaction, which remains subject to regulatory approvals.