PGS Group, announces the takeover of the Belgian specialist Reverse Logistics Solutions (RLS), meaning that PGS now has its own pallet relocation service.
This is a new external growth operation for PGS, which has taken a 73% stake in the capital of RLS, by buying up the shares of two Belgian investment funds, VINNOF (PMV) and VECTIS PARTICIPATIES. Through this transaction, PGS can assume a position on the pallet-relocation market, with its own service. Jean-Louis LOUVEL, Founding President of PGS, explains: "PGS needed to include pallet-return in its wide range of products and services. In addition to being a real alternative solution to the issues raised by the rising costs of wood as a raw material and strong tensions in the wood supply, the pallet-relocation service is also an important vector of growth for PGS Group."
Following this takeover, PGS will be able to offer the service while remaining fully in control of operations. The idea is to place pallets at the disposal of clients wherever they wish, at any time, in any quantity and of the desired quality. Customers can return them wherever is convenient, anywhere in Europe, without having to sort or repair them. Pallet return logistics – mainly concerning the exchangeable EUR-EPAL pallet, with a pool of more than 500 million units in circulation – can be set up for all or part of the volumes required by users and offers flexible, cheap and environmentally friendly solutions for the flow management of all kinds of reusable packaging.