Cargostore Worldwide completes acquisition
Cargostore Worldwide, a leading global supplier of DNV and ISO certified shipping containers for onshore and offshore projects, has today announced the completion of its acquisition of two independently owned, Aberdeen-based companies; Reftrade UK and Environstore. The multi-million pound deal marks Cargostore’s first acquisition in its 30-year history and signals a new phase of growth [...] The post Cargostore Worldwide completes acquisition first appeared on Warehouse & Logistics News.
Cargostore Worldwide, a leading global supplier of DNV and ISO certified shipping containers for onshore and offshore projects, has today announced the completion of its acquisition of two independently owned, Aberdeen-based companies; Reftrade UK and Environstore.
The multi-million pound deal marks Cargostore’s first acquisition in its 30-year history and signals a new phase of growth for the combined group; Cargostore, Reftrade and Environstore under the continued investment of Connection Capital LLP and Agathos Management LLP. Together, the businesses are now positioned to scale across the UK and international markets.
The move marks a major step in Cargostore’s strategic expansion into key UK offshore hubs, including Aberdeen, a global epicentre for offshore logistics. The acquisition enables rapid mobilisation of high-spec DNV 2.7-1 and ISO certified equipment across Scotland, the North East of England and East Anglia, significantly strengthening Cargostore’s domestic footprint.
By adding Reftrade’s Zone 2 ATEX approved EX refrigerated containers; ideal for hazardous offshore and pharmaceutical environments and Environstore’s mudskips for drilling and decommissioning projects, Cargostore expands both its inventory and capability. These additions allow the company to meet growing demand across offshore wind, decommissioning, clean energy and pharmaceuticals, while continuing to support complex global operations with scale and speed.
Reftrade and Environstore clients will now benefit from access to Cargostore’s extensive fleet of CSC certified Cargo Carrying Units (CCUs), all compliant with DNV 2.7-1 standards, ensuring seamless support for projects in even the most challenging offshore conditions.
The acquisition also enhances Cargostore’s Intermodal Division, building on its strong track record in delivering temporary cold storage solutions to pharmaceutical and humanitarian sectors worldwide.The post Cargostore Worldwide completes acquisition first appeared on Warehouse & Logistics News.
