- 13 August 2020
- Transport / Logistics Services
Pall-Ex has acquired another pallet network, Fortec Distribution Network. The new acquisition is to continue to trade under its current brand name and run a separate pallet network to Pall-Ex itself.
Fortec was founded in 1996 and has 168 members across the UK. Its 210,000 square foot warehouse at Watling Park, Northants adds to PallEx’s growth plans as it continues to grow 11% above the sector average.
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.
“Fortec customers will also benefit from being able to utilise Nexus and our International service, Pall-Ex Connect.
“While both firms will retain their brand identities, there are clear synergies that make this a natural partnership and we look forward to working together, winning together and becoming stronger together in this new era.”
Adrian Bradley, Managing Director of Fortec, comments: “The acquisition places Fortec in a strong position and with Pall-Ex Group’s support and innovative new technology we can expand and enhance our network for the benefit of our members and our entire customer-base.
“We look forward to this new era, being part of the Pall-Ex family and providing members with the opportunity to invest in the network as shareholders.”