New owners for Pall-Ex Group
Pall-Ex, the pan-European logistics brand, is preparing for a new chapter in its 23-year history as founder, owner, chairwoman and Dragon’s Den star Hilary Devey CBE has agreed to sell Pall-Ex Group to its network membership and management.
The acquisition, believed to be the first of its kind, will offer the UK and European members a unique opportunity to be involved in the development of the network for quality. The management team has also committed to shares within the company with share ownership being made available to the entire UK membership and its international partners.
David Fairbrother of ADD Express Limited, Maggie Larimore of PMB Pallets Limited and Craig Stevens of STD Developments Limited, who have all known and worked with Devey for over twenty years, negotiated the transaction alongside Kevin Buchanan, group managing director of Pall-Ex. (mw)