Wilkes’ Corporate Team assists with securing £2.25 million investment
The Wilkes Partnership Corporate Team recently acted for Staffordshire-based returnable transit packaging provider PPS Equipment Holdings (PPS), and assisted in securing a £2.25 million investment for the company.
The deal was led by Rick Smyth, Partner and supported by Kiran Munawar, Solicitor and Kylie Cartwright, Trainee Solicitor.
PPS are the UK’s market leader for returnable transit packaging services which includes the rental and pooling of plastic trays, crates and pallets and the washing, repairs and management of plastic returnable transit packaging.
The £2.25 million investment has been made by national investor Frontier Development Capital. The investment will support PPS in their continual growth by almost doubling their capacity through new machinery and investment into automation, which will also create 24 jobs at its production facility in Uttoxeter.
Jeremy Tutt, Group Finance Director at PPS Equipment Holdings comments: “Rick and the team are a pleasure to work with. They will not only go the extra mile for you as their client but are pragmatic with their approach and their excellent expertise are demonstrated with the work that they achieve.”
Rick Smyth comments: “We were delighted to work once again the team at PPS to help secure their investment with Frontier Development Capital. The investment will support the expansion of their operations and will continue to grow their sustainable business. It demonstrates once again that we build and value long standing relationships with our clients.”