M Pinches & Sons Ltd is starting a new journey after becoming a shareholder in logistics giant Pall-Ex Group.
The Worcester based haulier has acquired shares in the pan-European operation, having been a member of the quality network for 23 years.
The acquisition, believed to be the first of its kind, has provided Pall-Ex members with a unique opportunity to be involved in the networks future development.
Hilary Devey CBE, who started Pall-Ex in 1996, has decided to step away from the day-to-day running of the business after almost twenty-five years, her continuing wish is to see the company grow and thrive. She will continue to work with the new owners in an ambassador role to help develop their international services and European partner development.
Martin Pinches comments: “Pall-Ex has been instrumental in supporting the growth of our business and establishing our reputation in Worcester. Hilary has been key to developing the pallet network logistics model in the UK and making Pall-Ex a renowned name within the industry.
“We are proud to become part of the first member and management owned pallet network and are looking forward to our new journey as part of Pall-Ex.”
Pall-Ex has gone from moving just under 100 pallets on its first night to over 30,000 daily across the globe. All shareholders will be actively involved in the business as it looks to further develop Pall-Ex Group not only in the UK but throughout Europe.