PGS Group owns now 100% of the Belgian company De Backer
In September 2012, Jean-Louis LOUVEL, President and Founder of PGS Group, has announced it. The acquisition of a 19.9% ??stake in DE BACKER was an engagement in preparation of a great union. It is now sealed! PGS Group now announces that it holds the entire share capital of Belgian society and thus have taken control.
A financial transaction which confirms the strong ambitions in Belgium, and more broadly in the world, for the Group. "We had important development projects particularly in the case of Belgium," says Jean-Louis LOUVEL. "Just as we did in France, we will expand our range of products and services, including reconditioning pallets and relocation. We will also significantly increase the production of pallets and bins through the De Backer site and the opening of a new production unit in the country", he reveals. Indeed, since the entry of PGS Group in its capital, DE BACKER has invested heavily in its Flemish site of Poperinge. The latter is now equipped wiht a 5th production line, CORALI kind, bringing production capacity to 5 million pallets per year. More ergonomic, the site has been completely redesigned and expanded to now have a total area of ??9 hectares, including 400 m2 of new offices. Finally, the DE BACKER sales team has been strengthened. Investments that also support the internationalization of the leader in wooden pallet. "In our development plan, the site of DE BACKER is strategic because it serves as a rear base for export," says Michael MODUGNO, Vice-President and Founder of PGS, in charge of international development. For achieving sustainable development in Belgium, PGS also relies on local expertise. Historical and family leaders, Carine DE BACKER and Patrick CAPPOEN, retain control of the company and surround their son, Thomas CAPPOEN on which Jean-Louis LOUVEL places great hopes in view of its values, skills and dynamism. " An already paying choice for PGS. Siince the first accounting half, DE BACKER grew by 11% compared to fiscal 2013, closed at 34.4 million of turnover.