Sunday 12th Jul 2020 - Logistics Manager Magazine

First acquisition for Pall-Ex after buy-out

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Pall-Ex (UK) subsidiary Cranleigh Distribution Services has acquired the goodwill of the UK pallet operation from Cranleigh Freight Services.

This is the first acquisition by Pall-Ex since the sale of the group to its membership and senior management team was been finalised in November 2019, with 70%t of the network’s members becoming shareholders.

Cranleigh Freight Services will share premises with Cranleight Distribution Services at Dunsfold Park, Surrey. It will continue to concentrate and develop its European just-in-time operation and two-man home delivery throughout the UK..

Kevin Buchanan, group CEO of Pall-Ex, said: “This is the first acquisition of our new era and marks an exciting opportunity for Pall-Ex to retain a high-quality distribution service in the south-east.

“As founder members, the team at Cranleigh Freight Services have been major players in establishing and building the Pall-Ex network, having consistently been one of our highest KPI performers year after year they emulate our quality ethos.”

“All existing staff will be retained and become a valuable part of the Pall-Ex team.”