A Calculus Capital-led consortium acquired 30% of the equity of Palogix (Spain).
Palogix Group (incorporating Palogix USA and Palogix SA) is a rental and supply chain provider of returnable packaging, offering and managing rental products such as returnable pallets, tote boxes and bins, predominantly to the agri industry.
The Palogix products are utilised to harvest: citrus varietals (oranges, lemons, grapefruit, mandarins, tangerines), stone fruit (peaches, nectarines, plums), apples, pears, pomegranates, nuts, onions, potatoes, grapes, avocados, raisins, kiwifruit and olive.
Palogix was founded by Robert Liebesman, and is based out of Los Angeles, California with operations in the USA and South Africa.
,br>Palogix USA has grown rapidly since its formation in 2010, and continues to grow, with over 110,000 units in its fleet currently. The business model has therefore been established and proven.
Palogix now wishes to enter the European market, commencing in Spain and focusing initially on the very significant agricultural market and more specifically, the citrus market. The Spanish market alone has an agricultural potential estimated at 80% of that of the US market.
www.palogix.com
