PALLITE Group, the manufacturer of sustainable supply chain products based in Wellingborough, has achieved significant international growth following support from The FSE Group.
Since receiving its first Midlands Engine Investment Fund (MEIF) loan via FSE in 2021, PALLITE has increased staff numbers by over 30%, expanded into six new overseas offices, and boosted global sales by 125%.
The MEIF funding enabled PALLITE to maintain momentum during a challenging period marked by COVID-19 and Brexit, while advancing its strategic expansion plans. Alongside its UK manufacturing base, the company now also operates facilities in Milwaukee and Belgium, and will commence manufacturing in Surabaya, Indonesia in early 2026.
Robert Audas, chairman of PALLITE Group Ltd, said: “The MEIF funding from FSE enabled PALLITE to sustain momentum across our existing markets while continuing to advance our strategic expansion plans.
“During a period of significant uncertainty arising from both COVID-19 and Brexit, FSE provided the crucial stability and confidence needed to support our UK manufacturing operations and remain on course with our growth objectives, including the successful opening of our manufacturing facility in the United States in 2022.”
Chris Bailey, investment manager at The FSE Group, added: “PALLITE is an outstanding example of how innovative, sustainability-driven businesses can scale rapidly with the right financial backing.
“Since our first investment in 2021, the company has achieved exceptional growth in sales, employment and international footprint, while remaining firmly committed to reducing environmental impact. We are proud to have supported PALLITE on its journey and look forward to seeing the impact of its next phase of global expansion.”
PALLITE’s next phase of growth will focus on internationalising its product lines and investing in new designs to meet evolving market needs.
