Pooling Partners acquires El Palet Verde as part of European expansion
Madrid, January 11, 2017 – Faber Halbertsma Group B.V., which trades as Pooling Partners, the European market leader for integrated, full service pooling and production of wooden pallets and crates, today announced the acquisition of the Spanish company El Palet Verde, which is a well-known player in the pallet pooling market across the Iberian peninsula. The shares in the company were previously held by Zara & Logic S.L.
This is a strategic move from Pooling Partners, which is growing its European footprint where Spain and Portugal have become key markets and also strong exporters of increasing volumes of fresh fruit and vegetables to other EU partners, including the UK and Ireland.
The acquisition of Madrid-based El Palet Verde, which has an annual revenue of approximately EURO 5 million, also marks a key step change in international growth targets because the company boasts an impressive network of 32 depots for maintaining its active pallet pool in the respective Spanish and Portuguese retail supply chains.
The El Palet Verde pool ensures that quality pallets are made available to customers quickly and conveniently at any time and location.
To be able to make optimum use of the synergy benefits, the El Palet Verde pallet pool will be fully incorporated into the IPP Logipal pool of Pooling Partners.
Pooling Partners will continue to uphold, and build upon, the partnerships with El Palet Verde’s existing customers and service centres.
Ingrid Faber, CEO of Faber Halbertsma Group, said: “The extensive network of El Palet Verde in the Spanish market complements the international pooling activities of Pooling Partners. This enables us to offer a wider range of services, in particular to our international customers.”
Sergio Sanz, operational director at El Palet Verde, said: “We are pleased with the extended market coverage for the El Palet Verde pool. Integration into the European network of Pooling Partners gives
us much more opportunity to grow. Our products and services expand the geographical range of the pool, thereby enabling the group as a whole to consolidate its position in the market.”
About Pooling Partners
Pooling Partners is Europe’s #1 integrated full-service pooler and producer of pallets and boxes.
With a history dating back to 1891, this Dutch family business provides pallet and box pooling services across Europe and is also one of Europe’s largest producers of wooden pallets. It operates three pooling networks in demanding supply chains: the IPP Logipal pool, the European Exchange network, and its PRS Return System.
The IPP Logipal pool is a leading rental provider of pallets and boxes in fast moving consumer goods and industrial supply chains across Europe. Via an extensive service centre network customers rent IPP pool pallets to store and deliver their brands. By deploying its pooling expertise in recovery and refurbishment, customers of the IPP Logipal pool are provided with pool pallets when and wherever they need them.
The European Exchange network is the market leader in pool management of exchangeable and standardised load carriers such as Euro pallets and box pallets. Customers receive pallets at the right quality where and when they need them and return them wherever and whenever; via an extensive network of more than 10,000 pooling stations across Europe.
The PRS Return System is an efficient and reliable pooling system for users of CP-type pallets in the demanding polymer and chemical sectors across Europe and Turkey. For nearly 20 years it has contributed to sustainability by strongly growing pallet re-use and reducing packaging waste.
Pooling Partners is a long-standing and leading exponent of circular economy models, promoting recovery and continual re-use of durable standard pallets and boxes in efficient and sustainable pooling systems. Its production facilities source from sustainably managed forests and produce and repair over 20 million pallets and boxes per annum from wood that is PEFCTM or FSC® certified.
The company has an annual turnover of more than € 300 million and employs around 800 staff.