The sale of Pall-Ex Group to its membership and senior management team has been finalised, with 70 per cent of the network’s members becoming shareholders.
RUN D.M.C Investments funded the initial membership part of the acquisition. The company was created by Dave Fairbrother, Maggie Larimore and Craig Stevens, founder members of Pall-Ex.
Larimore : “We are delighted that more than 70% of Pall-Ex’s UK membership will be shareholders and that the senior management have chosen to commit their long-term futures to help us grow.”
RUN D.M.C Investments changed its name at Companies House to Pall-Ex Investments on 26 November.
Pall-Ex group chief executive Kevin Buchanan said: “The senior management have 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.”