TPS strengthens its position in England
Strategic Investments /17.02.2020
TPS Rental Systems Ltd., TPS, acquires 100% of Metano Limited. Metano is an English competitor that, like TPS, delivers logistics solutions based on IBC containers to a number of sectors – including cosmetics, beverages and food.
In addition to strengthening TPS’ position on the English market, Metano has a production of liner bags used in connection with IBC containers. The bags are produced in Hexham close to Newcastle. Thus, TPS will now be able to offer their customers their own high-quality bags.
“With Metano on board, TPS will significantly strengthen its position in the English market – but most importantly we will acquire new skills and business areas that we can offer TPS’ existing customers”, says Thorleif Blok, Chairman and largest shareholder of TPS.
The acquisition of Metano is in line with TPS’s strategy of being the leading supplier of logistics solutions based on IBC containers. Following Kirk Kapital’s acquisition in 2018, the company has continued its impressive growth with double-digit growth rates. Kirk Kapital feels optimistic about the future.
“We are pleased to be able to support TPS in connection with the acquisition of Metano. It is a really good match and further strengthens TPS in one of their core markets, ”says Kim Gulstad, CEO in Kirk Kapital.
Following the transaction, TPS will have about 70 employees, a fleet of more than 80,000 containers and a total turnover of DKK 170 million in 2019
TPS is an international supplier of logistics solutions based on IBC containers. The company is operating in ten countries, ensuring a local and international supply chain. TPS is selling and leasing IBC containers to a number of sectors, for example; cosmetics, food and beverages, pharmaceuticals, special chemical sectors and a wide range of other niche industries. The shareholder circle is mainly Danish and consists of Thorleif Blok, Kirk Kapital, Jens Tårnhøj and the management of TPS
Thorleif Blok, Chairman of TPS Rental Systems, +45 21 67 53 81
Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70