Maroc - TIMBERBIZ.COM.AU - A La Une - 17/Oct 23:03

CMTP acquires Palletmasters

CMTP, a leading provider of pallet manufacturing and supply chain solutions in Australia, is has announced its acquisition of Palletmasters in Queensland, a well-respected name in the pallet manufacturing industry. Source: Timberbiz This strategic acquisition strengthens CMTP’s position as a market leader and enhances its capacity to deliver high-quality, reliable, and sustainable pallet solutions to its growing customer base across the country. Founded in 1976, CMTP is Australia’s leading manufacturer of pallets, crates, and timber packaging solutions. Known for its commitment to quality, sustainability, and innovation, CMTP serves a wide range of industries, including manufacturing, agriculture, and logistics. The integration of Palletmasters into the CMTP family marks a significant milestone in CMTP’s growth journey. Both companies share a strong commitment to innovation, sustainability, and customer satisfaction, making this partnership a natural fit. With more than 85 years of combined industry experience, the acquisition is set to expand CMTP’s footprint, boost production capabilities, and diversify its product offerings to better serve the evolving needs of its clients. “We are thrilled to welcome Palletmasters into the CMTP group,” said Travis Meade, Managing Director of CMTP. “This acquisition aligns perfectly with our long-term strategy of growth and innovation. Palletmasters has built a strong reputation for quality and service, and we look forward to combining our strengths to offer even greater value to our customers.” This move will also create new opportunities for employees, customers, and suppliers, fostering further development within the pallet manufacturing and logistics sectors. As a unified entity, CMTP remains committed to upholding its core values of delivering reliable, responsive packaging solutions to businesses across Australia. Customers of both CMTP and Palletmasters can expect seamless service throughout the transition, as well as enhanced capabilities in custom pallets, crates, and related logistics services. The acquisition will be effective from the 1 November 2024, subject to conditions being met.