Lowe Rental announces the acquisition of PKL, the UK-based world-leading supplier of temporary kitchens and catering equipment
Founded in 1988 and employing c.100 staff at its base in Cheltenham, PKL supplies temporary and permanent catering infrastructure to a diverse range of end markets, delivered in many forms including modular kitchens and temporary catering equipment. PKL has been at the forefront of developing and delivering solutions for some of the world’s most renowned events which includes the Olympics and Commonwealth Games.
The acquisition of PKL supports Lowe’s plans for growth and adds a significant wealth of expertise in the catering space, complimenting Lowe’s considerable expertise in the supply of refrigeration. The combined group will have revenues in 2019/20 of over £50m and will operate from 11 locations across the world.
Rodney Lowry, CEO of Lowe said: “We are delighted to welcome PKL into our high-performing group. With innovation and a customer-focused approach at our core, PKL is a perfect fit. There are excellent synergies between the companies such as our approach to customer service, our reputation as trusted brands, the quality of products we supply and the high calibre of the management teams. Both companies are delighted to have all formalities of the deal completed, clearing the way for our staff to start the business of building a collective powerhouse in the rental of refrigeration, catering equipment and temporary kitchens across the world.”