SEPTEMBER 2020
FHG Sells Faber, Phoenix and PPA / Pasec to Foresco Group
The Faber Halbertsma Group, a leading European pallet manufacturer and rental provider, has sold several production plants located in Belgium and the Netherlands. Those operations include Faber Pallets, Phoenix Pallets, Packaging Partners and Pasec. They were purchased by Foresco Group.
The Faber Halbertsma Group was originally a pallet production company and has developed into a pool operator in recent decades by reusing its products through a circular model. It is now a European leader 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. 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 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.”