PPS, a UK-based provider of returnable transit packaging solutions, received a £4.9m growth capital investment.
Business Growth Fund made the investment.
The company used the funds for the acquisition of Alison Handling Services, a UK independent stockist of returnable plastic packaging headquartered in Kirkham near Preston. The acquisition is allowing PPS to expand its current services and product range so that customers have access to a full range of packaging solutions and load carrying equipment.
Operating from sites in South Staffordshire and Grimsby, the business moves 25 million trays and pallets a year on behalf of its customers. It offers delivery, collection, asset tracking and hygienic washing of plastic pallets and trays to customers in the fresh produce, industrial, office moves and automotive sectors.