Fortec Distribution Network
Acquisition strengthens 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. Te 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 square foot warehouse at Watling Park,
Northamptonshire, will give the entire Pall-Ex Group more than 600,000 square feet of hub capacity as they continue to grow over 11% above the sector average (Q1 and Q2 2020). Tis is the second purchase by Pall-Ex Group following a buyout
by its UK senior management team and shareholder members in November 2019. Te 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 op- erational system, Nexus. Kevin Buchanan, Group CEO of Pall-Ex Group,
said: “Tis is a significant step in Pall-Ex’s growth plans and a strategic move that will further strengthen our position in the UK. Te 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,
added: “Te acquisition places Fortec in a strong position and with Pall-Ex Group’s support and inno- vative 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.”
For more information visit
www.fortec-distribution.com
ALL THINGS BUSINESS
49
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76
