# Brambles merges CHEP China with Loscam in $197 million deal

Brambles is merging its CHEP China pallets business with rival Loscam in a US$132 million ($197 million) deal. Brambles will hold a 20% stake in the enlarged entity, which will have 20 million pallets and one million automotive containers.

- Type: Acquisition
- Announced: 2022-11-28
- Where: China
- Value: $132.0M
- Status: announced
- Capacity: 20 million pallets and one million automotive containers
- Products: pallets, automotive containers and crates
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Brambles](https://endata.com/companies/4669.md) (acquirer)
- [Loscam](https://endata.com/companies/66872.md) (target)
- [CHEP China](https://endata.com/companies/66873.md) (target)

## Sources

- [afr.com](https://www.afr.com/companies/transport/brambles-merges-chep-china-with-loscam-in-197m-deal-20221128-p5c1qd), 2022-11-27: "Brambles is merging its CHEP China pallets business with rival Loscam in a US$132 million ($197 million deal) and will become a small shareholder in the bigger entity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.