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."
Read about another recent Palletower acquisition
This well-established carpentry subcontractor for sale is a preferred supplier to many prominent builders, showcasing its strong market presence and reputation in the East of the UK.
This well-formed business is a leading wholesaler and distributor of alcoholic and soft beverages in the North West of England, demonstrating a strong distribution network with five centres and a fleet of vehicles that set it apart with same-day deli...
This well-established mobile tyre fitting company in Hampshire has been successfully operating and enjoys a steady flow of business through its professional website. With a fleet of fully-equipped vans offering a comprehensive range of services, this...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.