Tosca, an innovator in reusable packaging and supply chain solutions, announced that it has agreed to acquire Contraload NV, a leader in plastic pallet pooling in the United Kingdom and European Union.
The acquisition of Contraload will expand Tosca’s geographic reach and increase its product portfolio. The combined company will offer customers a stronger value proposition through increased network density and an expanded product offering, the Company said in a press statement.
In conjunction with the transaction, funds advised by Apax Partners, which acquired Tosca in 2017, will commit additional capital to Tosca to fund the acquisition of Contraload. Terms of the transaction were not disclosed.
Eric Frank, CEO of Tosca, stated: “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.”
Jesse Sels, Contraload’s Founder and Managing Director, said, “Having built Contraload into the leader in pooling plastic pallets, layerpads and IBCs in the B2B environment across Europe, we are excited to join with the Tosca team through this transaction. Our companies have a shared commitment to service excellence, innovation and reducing waste throughout the supply chain.”
Ashish Karandikar, Partner at Apax Partners, said: “Three years ago, we partnered with Tosca’s management team to build a world-class pooling business that brings sustainability, innovation and value to customers’ supply chains. The acquisition of Polymer in 2019 established Tosca’s ‘last mile’ capabilities in Europe. 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 organization offers a strong global network, an expanding reusables portfolio, improved research and development, and custom capability for all customers from CPGs to grocery chains.”
Tosca has a 60-year history of innovation that has driven its growth into a leading North American provider of reusable packaging and supply chain solutions across a wide array of markets. It employs more than 1,236 people and operates 29 service centers worldwide.
Headquartered in Aartselaar, Belgium, Contraload is a leading provider of upstream reusable plastic pallets and containers for the FMCG industry and other commercial markets in Europe. Contraload was founded in 2004 and has approximately 3 million units in use, serving close to 3,000 companies.
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