Petit Forestier buys Reftrade

Villepinte, France: Petit Forestier has bought Reftrade, a cold storage and refrigerated container rental company based in the Netherlands and operating in Europe with a subsidiary in France.
 
“Reftrade is a renowned cold storage and refrigerated container rental company whose values are very similar to our own: our priorities include product reliability, but also offering excellent customer care, notably with 24/7 assistance. These shared values will allow us to rapidly form synergies to encourage Group growth, but also growth of the new subsidiary, which will use our branding,” said Léonard Forestier, group co-chief executive, Petit Forestier.
 
This acquisition is part of growth initiatives aiming to reinforce Petit Forestier business lines around its specialisation as “Le Loueur de Froid”, the company says.
 
Petit Forestier acquired Locafrais in late 2017, the Polish refrigerated truck bodies company Igloocar in August 2018, and Mendon, a US rental company, in 2018.
 
The acquisition of Reftrade expands Petit Forestier’s rental to 2,900 refrigerated containers.
 
“Reftrade has gained valuable experience with major clients for over 30 years, including industry leaders in the port of Rotterdam, which makes it a new point of entry into the European market and a significant new starting point for Group development,” said Arnaud de Cespédes, chief executive, Petit Forestier.

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