FHG sells wood pallet manufacturing plants to further increase emphasis on pallet rental
The Faber Halbertsma Group and Foresco Group have announced that they have reached agreement on the acquisition of the Dutch and Belgian pallet production companies (Faber Pallets, Phoenix Pallets, Packaging Partners and Pasec) by Foresco Group. The real estate and all means of production are part of the takeover, and employment will be fully preserved.
The Faber Halbertsma Group is originally a pallet production company and has developed into a pool company in recent decades by reusing its products through a circular model. Faber Halbertsma Group is now a leader in Europe in the rental of pallets and boxes through four different pool companies (IPP, PRS, PAKi and vPOOL). In addition, the group has a timber trading company (Satim). The group has 720 employees and a turnover of €330 million.
Foresco Group is a Belgian producer of custom-made pallets and wooden packaging and market leader in industrial packaging. With the acquisition, Foresco Group grows into a group with a turnover of 125 million euros and 500 employees in Belgium and the Netherlands.
“In recent years we have paid a lot of attention to the efficiency of the individual production companies,” stated Ingrid Faber (CEO Faber Halbertsma Group). “Much has been invested and reorganized, which means that the production companies are in good shape at the moment.
“The focus of the Faber Halbertsma Group is increasingly on the pooling of wooden and plastic pallets, boxes and crates throughout Europe. As a result, production companies fit less into the group’s strategy. That is why now is the perfect time to take over the production companies.”
“The acquisition of these production companies strengthens our position in the Belgian market and now also brings us a significant position in the Dutch market,” said Jan Ponnet (managing director of Foresco Group). “In this way, we are building further to be the leading supplier of wooden pallets and packaging in the Benelux.”
According to the announcement, both parties are very pleased with the acquisition. With the new ownership, the focus on the production of pallets is fully guaranteed and the production companies can continue to build on a solid future.