Palletower, the storage and logistics equipment provider, has continued its growth strategy with the asset purchase from long time competitor Rotom Cargopak Ltd of their rental customers and stock.
The acquisition, along with the purchasing of the remaining metal stock from their operations, is Palletower’s sixth within the last 18 months and follows the decision of Rotom Cargopak to exit the metal sector and focus their UK strategy within the timber and plastic pallet sectors. Both areas where they have made significant acquisitions and progress in the last 5 years.
Palletower, based in Sale, Cheshire and with warehouse operations in Finland and the Czech Republic, has grown to become a large provider of storage and logistics equipment. Recent acquisitions have helped take the business from an established global turnover of over £40m towards sales of £50m and more than 75 employees.
The company manufactures and supplies over 100 product lines including roll cages, trolleys, racking, stillages and plastic pallet boxes. With a 60-year heritage in the sector, it exports to more than 35 countries and its customers include Waitrose, Walmart, REWE Group and DHL.
Matthew Palmer, owner and managing director of Palletower, said:
“Cargopak have been a long established presence within the UK storage and logistics equipment sector. They have an impressive product range and customer base and we are thrilled to have been able to bring this deal together. We are looking forward to working with and developing our expanded customer base over the coming year. This strategic acquisition alongside our recent acquisitions within the industrial racking and shelving industry continues our rapid diversification and growth. We continue to explore acquisition opportunities across the UK to further enhance the services we can provide to our customers across industrial racking and shelving, warehouse design and fit-out, storage and logistics equipment services.”
