PPS, a provider of returnable transit packaging solutions, has received £4.9m investment from the Business Growth Fund (BGF) to supports its acquisition of competitor Alison Handling Services.
Based in South Staffordshire and Grimbsy, PPS provides a “more environmentally friendly alternative” to cardboard and polystyrene single-use packaging to clients in the fresh produce, industrial, office moves and automotive sectors.
Claiming to currently move 25 million trays and pallets a year, it also offers delivery, collection, asset tracking and hygienic washing of its products.
The acquisition of Kirkham-based Alison Handling Services – a stockist of new and used plastic boxes, containers and trays – will allow PPS to expand its current services and offer a wider range of packaging and load carrying equipment.
The investment will also be used to improve its product range and customer experience.
David Peggie, chief executive of PPS, commented: “We’ve admired the services and reputation of Alison Handling for many years. We are proud to be able to take on the exceptional services and impressive customer base Alison Handling has created.
“Looking ahead, BGF’s long-term investment approach gives us the time and financial support to pursue the market opportunities that we know exists for PPS, including possible future acquisitions.”
Mark Freer, BGF, said: “PPS has experienced exceptional growth in recent years under the leadership of the current management team.
“The business has an attractive customer proposition that will become even more relevant in the future as companies across a range of sectors look to lower their costs whilst looking for a more environmentally friendly alternative to single trip packaging. With BGF’s backing, PPS is well positioned to take advantage of these opportunities.”