Asset Alliance Group, a South Lanarkshire finance and leasing company, has acquired Staffordshire-based SB Trailers, trading as Total Reefer, for an undisclosed sum.
Total Reefer operates a fleet of more than 100 refrigerated trailers and the deal gives Asset a presence in a fast-growing area of the trailer market.
The business will transfer to new and bigger premises in Wolverhampton where Asset already share premises with ATE Truck and Trailer Sales, the other company which forms Asset Alliance Group.
Group chief executive Willie Paterson said: “The business fits well with and complements much of our existing customer base. Total Reefer can now benefit from the investment needed to expand.”