Faber Halbertsma Group announces takeover of its subsidiary Francepal by Archimbaud Group
The Faber Halbertsma Group has reached an agreement with the Archimbaud Group on the sale of the French pallet production subsidiary Francepal. All company buildings and production facilities in Durtal are included in the acquisition, and all employment will be fully preserved by the Archimbaud Group, the new owner. With the sale of this last pallet production company of its portfolio, Faber Halbertsma Group wants to fully focus on its growing activity in the innovative circular pooling model.
The Faber Halbertsma Group is originally a pallet production company and has evolved in recent decades by reusing its products through its ingenious circular pooling model. The company is now a leader in the rental of pallets and crates through its four associated pooling businesses and its timber trading company, with around 500 employees and a turnover of €330 million.
The Archimbaud Group is a French family business specializing in sawing softwood intended for the manufacturing of pallets since 1984, the company today produces boards, pallets, pellets and electricity by cogeneration. Archimbaud's ingenuity allows full exploitation of the raw material thanks to the recovery of wood by-products (shavings, sawdust, chips and bark).
Ingrid Faber, CEO of the Faber Halbertsma Group, said: “The focus of the Faber Halbertsma Group is increasingly on the pooling of wooden and plastic pallets, boxes and crates throughout Europe. As a result, pallet production became less and less consistent with this strategy over time. Francepal has a very strong performance, which makes it particularly suitable to be sold as an independent production company.”
Jean-Pascal Archimbaud, CEO of the Archimbaud group, declared: “The Archimbaud group welcomes the agreement concluded with the Faber Halbertsma Group for the takeover of its French subsidiary Francepal. The historic ties between the two groups, since 1993, have contributed to the completion of this transaction which will strengthen our partnership on the national territory.”
With the sale of its last production company the Faber Halbertsma Group has taken the last step to fully focus their efforts on growing their circular pooling model.
Both parties are delighted with the acquisition. With the new owner, the focus on the production of pallets is fully guaranteed and Francepal can continue to build on a solid future.