Fortec addition strengthens Pall-Ex Group’s growth plans.
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.
The Fortec membership will now take advantage of Pall-Ex’s unique shareholder model as well as sharing a number of quality resources, including Pall-Ex’s new Core Operational system, Nexus.