Tue, 29 Apr 2025 | BUSINESS SALE
Sale-based storage and logistics equipment provider Palletower has expanded its racking and shelving division with an acquisition of Leeds-based Alternative Storage Systems.
It is Palletower's fifth acquisition within the racking and shelving sector within the last eight months and its second in the Yorkshire region this year.
Founded in 2019, Alternative Storage Systems designs, supplies, installs and maintains shelving, pallet racking and mezzanine floor systems for warehouses and commercial units nationwide.
Palletower has grown to become one of Europe's largest providers of storage and logistics equipment. Recent acquisitions have helped take the business from an established global turnover of more than £40 million towards sales of £50 million and over 70 employees.
The company manufactures and supplies more than 100 product lines including roll cages, trolleys, racking, stillages and storage boxes. With a 60-year heritage in the sector, it exports to more than 35 countries, with customers including retailers Waitrose, Walmart and parcels carrier DHL.
The value of the deal was undisclosed.
Matthew Palmer, owner and managing director of Palletower, said: "Alternative Storage Systems has an impressive customer base, particularly in the warehousing and food production sectors, and we're thrilled to be bringing the company into the Palletower business. This strategic acquisition will continue to fuel the rapid growth in our racking and shelving division, further expanding our presence in the North and East of England and complementing our recent acquisitions in the North West and Humberside."
In January this year, Palletower acquired Beverley-based Kingstonian Storage and Equipment Ltd. In 2024, the company also completed the purchase of West Pennine Storage, WP Group, Astirvant and Yorkshire Storage.
Palmer added: "We continue to explore acquisition opportunities across the UK to further enhance the services we can provide to our customers across industrial racking and shelving, warehouse design and fit-out, storage and logistics equipment services."
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