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Ace Express Freight becomes a proud shareholder member of Pallex

28 July 2020

Ace Express Freight becomes a proud shareholder member of Pallex

Pall-Ex Group, the industry-leading pan-European logistics brand is preparing for a new chapter in its 23-year history as founder, owner, chairwomen and Dragon’s Den star Hilary Devey CBE has agreed to sell Pall-Ex Group to its network membership and management. The acquisition, believed to be the first of its kind, will offer the UK and European members a unique opportunity to be involved in the development of the No.1 network for quality. 

As their long standing partner of choice in Ireland, we are delighted to announce that Ace Express Freight has been part of this membership acquisition and is now a proud shareholder member of the group!

David Fairbrother of ADD Express Limited, Maggie Larimore of PMB Pallets Limited and Craig Stevens of STD Developments Limited, who have all known and worked with Hilary Devey for over twenty years, negotiated the transaction alongside Kevin Buchanan, Group Managing Director of Pall-Ex.  Maggie Larimore commented “Hilary has been a driving force in the development of pallet distribution and has turned the Pall-Ex name into an industry-leading International brand.  This purchase is the perfect way to preserve the legacy she has built.”

Ms Devey, 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.

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. More details will be released in the coming weeks surrounding the opportunity and the structure of the new venture.

At Ace Express Freight we are looking forward to the future, in partnership with the UK members and International partners, working together as owners to further enhance Pall-Ex as the quality network of choice.