• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Bedfordshire
  • Milton Keynes
  • Northamptonshire
  • London
  • Awards
    • NBEA 2023 Gallery
    • NEA 2023 Gallery
  • Podcast
  • Contact Us
  • About Us
    • Knowledge Hub
    • Sustainability
    • ATB TV
ATB Logo

All Things Business

First For Local UK Business News

  • Education
  • Professional Services
    • Legal
    • Finance
    • Recruitment & HR
    • Creative Marketing
  • Property
  • Environment
    • Wellbeing
  • Industry
    • Industry
    • Manufacturing
    • Motors
    • Logistics
    • Technology
  • Events
    • Events
    • Food & Drink
    • Sport
  • News

Acquisition strengthens group’s growth plans

Logistics | August 31, 2020

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.

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 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).

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.

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, added: “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.”


For more information visit www.fortec-distribution.com.

Northamptonshire

Related stories

  • st andrews healthcare Northamptonshire
    November 29, 2023

    Patient who embraced art as part of their mental health journey to showcase work at annual festive event

    Art therapy “can change lives” when it comes to helping some people process trauma because they might not always have the words…
  • momento exclusives - make a wish Northamptonshire
    November 29, 2023

    F1 Authentics® launches Charity Auction in aid of Make A Wish ® International

    Make-A-Wish International, “A Charity supported by F1®” are celebrating their collaboration with Formula 1®with a special memorabilia auction to raise funds for…
  • Northamptonshire
    November 28, 2023

    Delapré Abbey confirms Christmas programme as site’s transformation into a winter wonderland gets underway

    The return of  the Winter Light Trail, a new Santa’s grotto, festive workshops and afternoon tea with elves – just a few…

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Stay up to date on All Things Business

Get the latest business round ups, stories and podcast episodes delivered straight to your inbox.

LISTEN NOW
Podcast Episode 42 I Awards Round Up
LISTEN NOW
Podcast Episode 41 I Our Big Week
LISTEN NOW
Podcast Episode 40 | Eamonn Holmes
previous arrow
next arrow
Slider

Online Edition

Northamptonshire edition, click here
Milton Keynes edition, click here
London edition, click here

Most Read

  • Peli BioThermal Award Success
  • Northampton Woman’s Cancer Battle Inspires Fitness Challenge To Help Raise Thousands For New Charity
  • Pallets of Hope campaign funds £27,500 worth of Christmas essentials for Northamptonshire communities facing hardship
  • Silverstone Museum Announces Appointment of New Trustees
  • Make the most of winter in Northamptonshire

Footer

REGIONS

Northamptonshire
Milton Keynes
Bedfordshire
 

COMPANY

About Us
Contact
Awards
Podcast
Knowledge Hub
Sustainability
Request A Copy

Northamptonshire Office

1 Queensbridge, Northampton,
NN4 7BF
Tel: 01604 250 900

Milton Keynes Office

The Pinnacle, 170 Midsummer Boulevard, Milton Keynes,
MK9 1BP
Tel: 01908 030 480

London Office

25 Bedford Square
London
WC1B 3HH
Tel: 0208 176 0176

Follow us on

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

All Things Business is a publication produced by Augmented Group. Registered in England No. 4904401 | Privacy Policy