Australian shipping and storage container supplier Royal Wolf has floated on the Australian Securities Exchange (ASX) after a successful IPO.

Like the container leasing industry, which has seen ownership of assets concentrated into fewer and fewer hands, companies that saw opportunities in used containers are now experiencing pressure to consolidate.

Australian container lessor Royal Wolf has been caught up in a controversy over apparently contaminated shipping containers, which have been converted to house officials involved in the Federal Government’s Aboriginal intervention programme in remote northern Australian communities.

US-based General Finance Corporation (GFC) and its indirect 86.2%-owned subsidiary RWA Holdings Pty Ltd (Royal Wolf) have reached an agreement to acquire the dry and refrigerated container assets of Perth-based Container Hire and Sales (CHS) for A$4.0M (US$3.7M).

General Finance Corp and its subsidiary Royal Wolf Trading Australia Pty Ltd have agreed to acquire the dry and refrigerated container assets of GE SeaCo Australia Pty Ltd for A$20M (US$18.4M).

Australian container sales and leasing company Royal Wolf is in the process of being acquired by General Finance Corporation of the US (GFC) for a price of US$87.4M.

Australian shipping and storage container supplier Royal Wolf has floated on the Australian Securities Exchange (ASX) after a successful IPO.

Like the container leasing industry, which has seen ownership of assets concentrated into fewer and fewer hands, companies that saw opportunities in used containers are now experiencing pressure to consolidate.

Australian container lessor Royal Wolf has been caught up in a controversy over apparently contaminated shipping containers, which have been converted to house officials involved in the Federal Government’s Aboriginal intervention programme in remote northern Australian communities.

US-based General Finance Corporation (GFC) and its indirect 86.2%-owned subsidiary RWA Holdings Pty Ltd (Royal Wolf) have reached an agreement to acquire the dry and refrigerated container assets of Perth-based Container Hire and Sales (CHS) for A$4.0M (US$3.7M).

General Finance Corp and its subsidiary Royal Wolf Trading Australia Pty Ltd have agreed to acquire the dry and refrigerated container assets of GE SeaCo Australia Pty Ltd for A$20M (US$18.4M).

Australian container sales and leasing company Royal Wolf is in the process of being acquired by General Finance Corporation of the US (GFC) for a price of US$87.4M.