New era for Pall-Ex Group
Pall-Ex Group is now collectively owned by its UK network membership and senior management team. RUN D.M.C Investments, a company created by Dave Fairbrother, Maggie Larimore and Craig Stevens, founder members of Pall-Ex, funded the initial membership part of the acquisition.
Maggie Larimore, one of the founder-directors of Run D.M.C commented: “We are delighted that more than 70% of Pall-Ex’s UK membership will be shareholders and that the senior management has chosen to commit its long-term future to help us grow.”
Kevin Buchanan, CEO of Pall-Ex Group, comments: “The senior management has bought into a five-year vision to build Pall-Ex, which is already an outstanding brand, into a market-leading European network. We are already in discussion with our international partners to invest further into Pall-Ex Group to deliver an ambitious development programme. We are also actively growing our UK network membership, to further increase our shareholder members within Pall-Ex UK." (mw)