Pall-Ex swoops for Leicestershire rival

Barry Byers, managing director - UK Pall-Ex, Kevin Buchanan, Pall-Ex Group CEO, Adrian Bradley, managing director, Fortec Distribution

Leicestershire-baseed palletised freight firm Pall-Ex Group has acquired the Fortec Distribution Network.

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

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.

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, said: “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, said: “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.”