Brambles expands Canadian pooling services

Brambles Limited has announced it has acquired Toronto-based Paramount Pallet, a nationwide provider of pallet services in Canada, for C$13m.

Brambles‘ CEO Tom Gorman said: "The transaction reflects our strategy of growing our range of products and services. It will allow CHEP Canada to expand its collection and repair network and offer an enhanced service to existing and potential customers."

Paramount provides pooling and repair services to the Canadian Pallet Council (CPC), an organisation with 1,200 members that operates a pool of more than 7m pallets. In addition, Paramount collects, recycles and sells non-pooled white wood pallets.

Brambles intends to maintain and support Paramount’s existing operations, including the pooling and repair services it provides to CPC members. Paramount will continue to operate as a separate brand, reporting to CHEP Canada.

Combined, CHEP Canada and Paramount will operate across 34 locations in six of Canada’s provinces, employing approximately 750 people.

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