Go Plastic Pallets
Adviser to Go Plastic Pallets, a leading independent supplier of plastic pallets, on the sale to logistics service provider, Rotom Group.
The deal
FRP Corporate Finance is pleased to have advised UK’s leading independent supplier of plastic pallet, Go Plastic Pallets on its sale to Dutch based products and logistics services provider, Rotom Group.
East Sussex-based Goplasticpallets.com is UK’s leading independent supplier of plastic pallets, plastic pallet boxes and plastic containers. Founded in 2001, by Co-Founder’s Jim Hardisty and Chris Adam, the business is a team of experts who have over 160 years of experience within the logistics industry. Their knowledge and experience offer an unrivalled service that matches clients’ needs and requirements for pallets, boxes or containers.
The Rotom Group is internationally active with 30 branches in 11 European countries. The business specialises in delivering the best transport and warehousing products while offering only the best quality of comprehensive logistic services. Their mission is to provide the actual benefits to clients by supporting their supply chains and guaranteeing the best products and services.
Our Corporate Finance team led by Partner Adrian Alexander, Assistant Manager Beth Warner and Senior Manager Nick Lovelock provided sell-side advisory to Go Plastic Pallets. The team managed the due diligence process and provided advice to the shareholders all with a view to their ultimate exit. The company grew significantly during the process, in which our team helped the shareholders achieve their exit objectives right through to the successful completion of the deal.
Adrian Alexander, Partner at FRP Corporate Finance, said: “We are delighted to have been able to support the shareholders on the sale completion. I have personally worked with the company for many years providing strategic growth advice and it has been particularly pleasing to achieve the successful outcome we have for Go Plastic Pallets after they received an approach from Rotom.”
Jim Hardisty, Co-Founder at Goplasticpallets.com, said: “We have worked with FRP Corporate Finance, Adrian and his team for nearly six years. Their expertise guided us on our journey from the beginning and have been extremely diligent throughout the process. They have been a huge support with the successful exit.”
The shareholders of Go Plastic Pallets were also advised on all Legal matters, by leading London and South East Law firm, DMH Stallard. They said “There were a number of challenges to overcome which often arise with cross border transactions and a very tight timetable. So, we were really pleased to have been part of the team that helped complete the deal on time”
Arjan Kuiper, CEO at Rotom Europe, said: “Go Plastic Pallets extensive product/service portfolio and best practice business model in plastic load carriers will create a leading position in the UK and greatly strengthen our market approach in neighbouring EU countries.”Rotom Group were advised by DLA Piper (Legal) and Eight Advisory (Financial and Tax Due diligence)
Deal summary
Date:
August 2023
Sector:
Industrials & Manufacturing
Deal type:
Selling a business
Deal size:
Undisclosed
We are delighted to have been able to support the shareholders on the sale completion. I have personally worked with the company for many years providing strategic growth advice and it has been particularly pleasing to achieve the successful outcome we have for Go Plastic Pallets after they received an approach from Rotom.Adrian Alexander Corporate Finance
Related team
Adrian Alexander
Nick Lovelock
