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FRP Corporate Finance has advised UK’s leading independent supplier of plastic pallets, Go Plastic Pallets, on its sale to Dutch based products and logistics services provider, Rotom Group.
East Sussex-based Goplasticpallets.com is an 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.
The Rotom Group is internationally active with 30 branches in 11 European countries. The business specialises in delivering transport and warehousing products and comprehensive logistic services.
FRP said its 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 FRP helped shareholders achieve their exit objectives right through to the completion of the deal.
Alexander 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, added: “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.”
