Palletcentrale, a prominent player in the pallet industry for over 54 years, is set to be acquired by Belgian company Foresco Group. The acquisition is pending approval from the Dutch Authority for Consumers and Markets, with the completion of the deal expected in the coming months. Palletcentrale, which holds a strong market position in the Netherlands with six locations, achieved a turnover of around €80 million and sold over 6 million pallets in 2022. Importantly, the sale will not have any impact on the employment of the company’s 150 employees.
The acquisition of Palletcentrale by Foresco Group marks a significant development in the pallet industry. Palletcentrale has established itself as a reliable and reputable player in the sector, specializing in the procurement, sale, repair, and manufacture of pallets. With over five decades of experience, the company has built a strong customer base and a solid reputation for quality and service.
Foresco Group, based in Belgium, is a well-known name in the industry and has a successful track record in the acquisition and management of pallet companies. By adding Palletcentrale to its portfolio, Foresco Group aims to strengthen its presence in the Netherlands and expand its operations in the European market. The acquisition will provide Foresco Group with access to Palletcentrale’s extensive network and customer base, enabling the company to further enhance its service offerings.
The acquisition of Palletcentrale is subject to approval by the Dutch Authority for Consumers and Markets. This regulatory body ensures fair competition and protects the interests of consumers in the Netherlands. Once the necessary approvals are obtained, the acquisition is expected to be finalized in the autumn of this year. Both Palletcentrale and Foresco Group are confident that the deal will receive the necessary clearance, given their respective positions in the market and the potential benefits it will bring.
Palletcentrale’s market leadership in the Netherlands is a testament to its commitment to excellence and customer satisfaction. The company’s six locations strategically positioned across the country have allowed it to effectively serve its customers and meet their pallet needs. With a turnover of approximately €80 million in 2022 and the sale of over 6 million pallets, Palletcentrale has solidified its position as a key player in the industry.
Despite the change in ownership, Palletcentrale’s employees can rest assured that their jobs will remain secure. The acquisition by Foresco Group will not result in any redundancies or layoffs. The company values its workforce and recognizes the importance of their expertise and dedication in maintaining its market leadership.
In conclusion, the acquisition of Palletcentrale by Foresco Group represents a significant development in the pallet industry. With Palletcentrale’s strong market position in the Netherlands and Foresco Group’s expertise and resources, the acquisition is expected to bring mutual benefits and further enhance the companies’ offerings. Pending regulatory approval, the deal is set to be finalized later this year, ensuring continuity for Palletcentrale’s employees and customers alike.