Pall-ex

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Hilary Devey sells Pall-Ex to management

The Pall-Ex Group has agreed a management buyout that will see founder, owner and Chairwoman Hilary Devey step away from the day-to-day running of the business. The BBC’s Dragons’ Den star has agreed to sell the group to its network membership and management. Contracts were signed in October. The deal, which Pall-Ex believes is the first of its kind, will offer UK and European members what it described as “a unique opportunity to be involved in the development of the pallet network”.