CMTP, a leading provider of pallet manufacturing and supply chain solutions in Australia, is pleased to announce the acquisition of Palletmasters in QLD, a well-respected name in the pallet manufacturing industry. This strategic acquisition further 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. With locations across Australia, CMTP ensures nationwide service for all industries.
Growth and Industry Impact
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 over 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.
CMTP’s contract packaging and design and engineering services will likely benefit from the expanded capabilities that this acquisition brings, allowing the company to offer even more comprehensive solutions for custom packaging and logistics challenges.
Leadership Perspective
“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.”
Opportunities for Stakeholders
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.
This acquisition will also enhance CMTP’s machinery/capital equipment packing capabilities, offering clients more robust solutions to handle their unique industrial packaging needs.
Enhanced Capabilities for Customers
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.
About CMTP
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 acquisition will be effective from 1st November 2024, subject to conditions being met.
Media Contact
Travis Meade – Managing Director
[email protected] or 0408316493
