TIMBER processor James Jones and Sons has acquired another Australian pallet manufacturer in its latest move Down Under. 

The purchase of Express Pallets and Crates – better known as Express – follows the recent acquisition of Rodpak in Melbourne. 

Express, based at Narangba near Brisbane, has been in operation for 35 years, under the ownership and leadership of Geoff Walton. The firm is said to have a "very broad and extensive client base", with significant long-term relationships across a range of market segments.

Tom Bruce-Jones, chairman of James Jones and Sons, said: “This acquisition forms part of our expansion and diversification strategy and will be a very complementary and strategic addition to the platform that has been established through the purchase of Rodpak.

"This will allow us to establish a strong East Coast position that will allow us to value add our sawn timber product portfolio.”

The purchase was completed by James Jones and Sons' Australian subsidiary, Hyne Timber Pty. 

Hyne Group CEO, Jim Bindon, said: “Being part of the Hyne Group and the broader James Jones and Sons global business, only enhances Express Pallets’ capability and credentials as a business partner to their many clients.

“The existing general manager, Tim Hoatson, will continue to lead the business, and together with the rest of the management team and indeed all the Express staff, we look forward to all their future contributions, and welcome them into the Hyne Group.” 

Geoff Walton said the sale of his company to a fellow long standing Queensland family business was a pleasing outcome after many years of growing and expanding the business:

The acquisition of Express Pallets and Crates will finalise on July 1, subject to all Completion Precedents being met.