Dragon buys Cornish haulage firm

0
2756

Pall-Ex, the European palletised freight network owned by Hilary Devey of TV’s Dragons’ Den fame, has acquired Launceston-based haulage firm, Intercounty Distribution.

Commenting on the announcement, Pall-Ex’s MD, Adrian Russell, explained: “The opportunity was presented to us after Intercounty’s managing director Nick Coombes announced his retirement earlier this year. We are happy that Nick has decided to stay in his role a little longer to oversee the acquisition.

“The south west is often considered one of the trickiest areas for any network to cover given that it is a peripheral part of the country. There simply are not that many hauliers that are the same calibre as Intercounty in the region.”

The move will see Intercounty’s current workforce staying in place at the Launceston depot, supported by Pall-Ex’s own corporate team.

Financial terms were not disclosed.