PSC

PALLET SUPPLY COMPANY (PTY) LTD

PALLET SUPPLY COMPANY (PTY) LTD

Growth Capital Partners is pleased to announce that it concluded an investment into Pallet Supply Company (Pty) Ltd (“PSC”) effective 1 March 2022.

Established in 1988, Pallet Supply Company Cape (Pty) Ltd, together with its subsidiaries (the “Group”), is a market leader in the manufacture and supply of wooden pallets of various grades and specifications in the Western Cape, offering a full-service solution to industrial and agricultural clients trading in both local and international markets.

Having pioneered wooden pallet recycling in South Africa, the Group also sells second-hand pallets and manages the maintenance and repair of the regional pallet pools of blue-chip and JSE-listed clients.

The Group sets the South African industry benchmark for wood packaging material for export compliance and is registered with the Department of Agriculture, Land Reform and Rural Development under the International Standard of Phytosanitary Measures (ISPM 15). Their ability to meet export compliance requirements is ensured by systems and processes that provide absolute traceability on every pallet, ensuring customer peace of mind.

The Group prides itself on a culture of continuous innovation and collaborates internationally as a founding member of the Global Wood Packaging Forum (GWPF), as well as with international peers, to stay at the forefront of pallet developments. As a member of the American-based National Wooden Pallet & Container Association (NWPCA), the business enjoys access to Pallet Design System (PDS) software for customised pallet design. The Group has developed closed-loop systems for some of its products, demonstrating a world-class approach to environmental sustainability.

Growth Capital Partners provided the capital for the founding shareholders to exit from the business as well as the property from which PSC operates and furthermore structured a transaction whereby Rory Taljaard (MD) was able to increase his shareholding.

Deal Leaders Africa introduced a number of parties which showed interest in our business, but Growth Capital Partners emerged as the best fit for us. Apart from their expertise in structuring transactions that meet the requirements of all stakeholders, their culture and values are aligned with ours. I am excited about our newly formed partnership and believe that they will add real value in our business.
Rory Taljaard, MD of Pallet Supply Company
The culture within this business as well as the level of customer service are strong attributes that made this a compelling investment. We have great comfort in Rory and his management team, all of whom have a deep understanding of the industry. We believe that there is significant potential to be unlocked in terms of geography, products and markets. We also believe there are good cross selling opportunities within our existing portfolio.
Tim Page, an Executive of Growth Capital Partners
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