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TITAN acquires Container Exchange (UK)

TITAN acquires Container Exchange (UK)

This latest move is part of a series of major investments made by TITAN in the UK cold storage market in the past 12 months and follows the acquisition of ArcticStore last year. Other investments have included a fleet renewal programme to replace older equipment with state of the art power efficient Thermo King and Daikin units, as well as the introduction of the ArcticStore ‘AP’ and ‘XXL’ models.

Commenting on the latest acquisition, Layland Barker, managing director of TITAN, said, “We are committed to offering the highest possible quality of user friendly portable cold storage units. This acquisition is particularly advantageous as many container cold stores were purpose-built for the UK storage market and feature low noise machines making them extremely suitable for use in inner city and residential areas.”

Last month (June) ArcticStore delivered its first 37-pallet capacity portable cold store. The new unit combines traditional 3-pallet wide body technology with knowledge from the container industry to improve the product, including wider temperature settings (-35c to +30c) and lower running costs, whilst also significantly reducing the investment costs and therefore the final cost to the customer.

“Container based portable cold stores are more robust and do not require the same ground preparation and can often be delivered much faster than wide body cold stores,” Barker continued.

“Our preference for container cold stores, as opposed to UK manufactured modular units, reflects our belief that container based solutions offer financial advantage for many customers due to the lower hire rates, greater flexibility and much reduced delivery and collection costs. There are also significant environmental savings through lower power consumption and the ability to use rail and water transport when repositioning equipment,” he said.