Suttons Group subsidiary Suttons International has invested in 100 additional 24,000 litre ISO tank containers to bolster the firm's international tank container fleet.
The tanks, supplied by supplier NT Tank, will be delivered into active service by late summer. The company said this week that it will also continue to negotiate for more tanks as steel prices normalise.
This latest investment is pivotal to Suttons International's growth strategy which the company said this week aims to strengthen geographic scale and presence in new markets while supporting existing customers.
Suttons Group specialises in delivering products and services to the chemicals, gases, fuels, powder and waste sectors and operates from 32 locations in the UK and internationally, including New Jersey, Widnes, Antwerp, Singapore and Brazil.
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The addition of the 100 new tanks to the company's fleet follows the recent acquisition of VTG Tanktainer’s overseas activities, which catapulted the business into the top ten global tank container operators and saw Suttons acquire the ISO tank containers, personnel, and customer contracts from VTG.
John Sutton, Suttons transport group chief executive said: “This investment comes hot on the heels of the successful VTG acquisition which completed earlier this year and added 5,000 additional tanks to our fleet”
“Increasing our fleet size once again demonstrates our intention and capacity to grow in the international market to better serve our existing customers, while doubling down on the expansion the business has made following completion of the VTG acquisition.”
