Reusable packaging and supply chain solutions provider Tosca is set to purchase plastic pallet pooling provider Contraload.
Headquartered in Belgium, Contraload provides upstream reusable plastic pallets and containers for the FMCG industry and other commercial markets in the UK and the European Union.
With around three million units in operation, the company serves nearly 3,000 firms and employs more than 150 people.
It also offers outsourced pallet and layerpad conditioning and management services for customer-owned asset pools.
The acquisition is expected to Tosca expand its geographic operation and product portfolio.
Tosca CEO Eric Frank said: “Tosca’s acquisition of Contraload, a leader in plastic pallet pooling in the United Kingdom and European Union, establishes our combined company as an even stronger partner for our customers globally and allows us to continue to propel the reusable revolution.”
Apax Funds will provide additional capital for the acquisition. Tosca was acquired by funds advised by Apax Partners in 2017.
The two sides did not disclose any financial details of the deal.
Apax Partners partner Ashish Karandikar said: “The combination with Contraload represents another important advance as it brings together Tosca’s last mile capabilities with Contraload’s offerings in the ‘first mile’ of a product journey – thereby creating unique visibility and value for customers.
“The combined organisation offers a strong global network, an expanding reusables portfolio, improved research and development, and custom capability for all customers from CPGs to grocery chains.”
Headquartered in Atlanta, Georgia, Tosca provides reusable packaging and supply chain solutions to various markets including eggs, case-ready meat, poultry, produce, seafood and cheese.