Contraload announced a reshuffle of its shareholder group. The founders, along with D2E Capital and Gimv, are selling their interests to Tosca, an American supplier of reusable packaging and supply chain solutions. The Contraload management team is re-investing in the group. The acquisition of Contraload will expand Tosca’s geographic reach and increase its product portfolio. The combined company will offer customers a stronger value proposition through increased network density and an expanded product offering. In conjunction with the transaction, funds advised by Apax Partners (the “Apax Funds”), which acquired Tosca in 2017, will commit additional capital to Tosca to fund the acquisition of Contraload.
Atlanta, Georgia, August 18, 2020 – Tosca, an innovator in reusable packaging and supply chain solutions, announced today that it has finalized the acquisition of Contraload NV, a leader in plastic pallet pooling in the United Kingdom and European Union.
The acquisition of Contraload enables Tosca to service supply chains end to end, from the first mile to the last mile. It also expands Tosca’s geographic reach and increases its product portfolio. Together the combined company offers customers more flexibility and better service.
Headquartered in Aartselaar, Belgium, Contraload is a leading provider of upstream reusable plastic pallets and bulk containers for the FMCG industry and other commercial markets in Europe. The company runs a unique Pan-European pooling service and also offers outsourced pallet and layerpad conditioning and management services for customer-owned asset pools. Contraload was founded in 2004 and has approximately 3 million units in use, serving close to 3,000 companies.
Eric Frank, president and CEO of Tosca, said, “This strategic acquisition is a great complement to Tosca’s pooling business. The acquisition allows us to bring an expanded product portfolio, additional service centers, and new geographies to our partners. Contraload shares our commitment to sustainability and together we will continue building the reusable revolution, bringing efficiencies and savings to supply chains all over the world.”
Tosca is a leading provider of reusable packaging and supply chain solutions across a diverse range of markets including eggs, case-ready meat, poultry, produce, seafood, and cheese. Our proven RPC system is a smarter way to move fresh product safely from source to shelf, substantially reducing shrink and labor cost, maintaining product quality, and optimizing overall supply chain efficiency for retailers, growers, and suppliers. Tosca recently acquired Polymer Logistics, expanding our geographic reach, product portfolio and R&D capabilities. For more information visit: www.toscaltd.com.
Contraload has grown to become the expert and market leader in pooling load carriers in a B2B environment, across Europe with service centers to support customers in over 25 countries. Markets include food ingredients, food packaging, hygiene products, infant nutrition, beverage can and non-hazardous liquids. Re-use is the key word as Contraload facilitates moving away from single use packaging towards a circular model of returning re-usable packaging. For more information visit: www.contraload.com.
About Apax Partners
Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.
Susan Heil, Tosca I +1 920 569 5335 I email@example.com
Kevin Boone, +32 3 304 92 90, Kevin.Boone@contraload.com