Friday, January 9, 2015

Logistics Group in Double Acquisition to Strengthen International Freight Forwarding Operations

Asian Company Moves into Middle Eastern and Canadian Markets
Shipping News Feature

MIDDLE EAST – CANADA – Asian headquartered Kerry Logistics has expanded its global network with two recent strategic acquisitions in a bid to strengthen its presence in the freight forwarding market in Canada and across the Middle East.

Kerry has recently acquired a controlling stake in the Able Logistics Group, an established international freight forwarder headquartered in Dubai with a regional leading position and offices across UAE, Saudi Arabia, Oman and China. In Canada, the company has extended its geographic reach by acquiring majority stakes in Total Logistics Partner Ocean Consolidators Inc. and Total Logistics Partner Air Express Inc. (collectively TLP), two Canadian freight forwarding companies focused on the Asia-Canada trade. The acquisition has added Montreal and Toronto to Kerry Logistics’ worldwide network. William Ma, Group Managing Director of Kerry Logistics said:

“These two acquisitions complement our existing IFF network and marked further inroads in our international expansion. With the addition of TLP, Kerry Logistics now operates in four countries in the Americas, comprising USA, Canada, Mexico and Brazil. The investment in Able Logistics Group forms an instrumental part of our long-term IFF strategy to build a global network across six continents. It expands our capabilities in the Middle East and to connect globally through a round-the-clock transit hub linking Asia to Middle East, Europe and Africa. It also strengthens our service offerings to global customers with comprehensive IFF solutions in the Gulf Cooperation Council region and enhanced supply chain efficiency.”

Bosses at the two new acquisitions both commented favourably on the deal with Dr Ghanem Al Hajri, Chairman of Able Logistics Group saying:

“This is a new chapter in our company’s development, and we deeply appreciate our partnership with Kerry Logistics. It offers us an excellent opportunity to tap the Asian market through Kerry Logistics’ comprehensive network in the region. We are certain that this will bring new momentum to deliver even better returns in future.”

Head of Canadian group TLP was also enthusiastic about the new tie up with an Asian partner, Lois Krupka, President of TLP commenting:

“TLP is proud to be part of Kerry Logistics. Our joint customer-focused approach will be greatly enhanced with the added coverage of the network, and the added asset-based approach in Asia, which adds tremendous value for our customers.”