The tanks are being supplied by supplier NT Tank and will be delivered into active service for our global customers by late Summer. The business continues to negotiate for further tank availability as steel prices normalise.
This investment follows Suttons International’s ambitious growth strategy to strengthen geographic scale and presence in new markets while supporting existing customers and markets. The addition of 100 new tanks to the fleet profile builds upon the recent successful acquisition of VTG Tanktainer’s overseas activities.
The acquisition saw the leading logistics provider acquire ISO tank containers, personnel, and customer contracts from VTG earlier this year, which catapulted the business into the top ten global tank container operators.
John Sutton, Suttons Transport Group CEO said: “This investment comes hot on the heels of the successful VTG acquisition which completed earlier this year and added 5000 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.”