Pall-Ex Group acquires the Fortec Distribution Network

East Midlands | Manufacturing | Midlands | Transport & Distribution | West Midlands

Pall-Ex Group has acquired the Fortec Distribution Network.

Purchased by a new subsidiary company For-Ex Distribution Network Ltd, the network will remain trading as Fortec Distribution.

It will continue to operate as a separate pallet network within the UK but be part of the overall Pall-Ex Group of companies.

The two firms, which were both founded in Leicestershire in 1996, have a combined total of 168 network members, the largest in the UK, and are a welcome addition to Pall-Ex Group’s now 600 European membership.

Fortec’s 210,000 sqft warehouse at Watling Park, Northamptonshire, will give the entire Pall-Ex Group more than 600,000 sqft of hub capacity as they continue to grow over 11% above the sector average (Q1 and Q2 2020).

This is the second purchase by Pall-Ex Group following a buyout by its UK senior management team and shareholder members in November 2019.

Kevin Buchanan, Group CEO of Pall-Ex Group, comments: “This is a significant step in Pall-Ex’s growth plans and a strategic move that will further strengthen our position in the UK.

“The addition to the group presents many benefits to our collective membership; Pall-Ex members are experiencing an increase in freight volume and need access to additional hub capacity, while Fortec members will have a say in the operation of their network under our unique shareholder model.”

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