Panalpina to acquire two companies to expand perishables network into Belgium
- Author:Alex
- Source:Sunny worldwide logistics
- Release Date:2017-12-27
Panalpina to acquire two companies to expand perishables network into Belgium
Company Profile:
Sunny Worldwide Logistics is a full-service domestic and international freight forwarder based in China.
Member of WCA ( World Cargo Alliance) , over the last 16 years, we focus on the reliable customer service and competitive transport.
Sunny Worldwide Logistics is a full-service domestic and international freight forwarder based in China.
Member of WCA ( World Cargo Alliance) , over the last 16 years, we focus on the reliable customer service and competitive transport.
SWISS provider of forwarding and logistics services Panalpina is to acquire the Belgian companies Adelantex and AD Handling, specialised in the handling of perishables imports in Brussels, Liege and Ostend.
The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium's market leader will further strengthen the the company's perishables network in Europe and the company's global end-to-end offering for fresh produce.
Panalpina will acquire the Belgian companies Adelantex NV and AD Handling NV, subject to conditions. The companies reached a respective agreement on December 18. The companies have agreed not to disclose any financial details of the deal.
With a presence in Brussels and Liege, Adelantex handles approximately 75,000 tonnes of air freight imports per year, and manages ground handling at Brussels Airport, customs clearance and the onward distribution in Europe, the company said.
"This latest acquisition in the perishables arena is another example of how we are building our end-to-end capabilities on the destination side in Europe. Adelantex's ground handling operations in Brussels are best in class and will serve as a blueprint for similar operations in other countries," explains Stefan Karlen, CEO of Panalpina.
The 46 staff of Adelantex serve roughly 200 customers across Europe that import fruits, vegetables, flowers, fish and plants into the region. The vast majority of perishables are imported via Brussels Airport where Adelantex operates a warehouse directly on the tarmac with 1,600 square metres of cold storage. A quarter of the overall volumes are imported via Liege Airport and Ostend Airport.
"As the undisputed market leader in perishables air freight imports in Belgium, Adelantex will benefit from Panalpina's global footprint and leading position in the perishables market to continue to grow and expand internationally," says Jozef Mergan, CEO and majority shareholder of Adelantex and AD Handling.
"Our Perishables Network is expanding rapidly. After the acquisitions in Kenya, Germany and the Netherlands earlier this year, we are now delighted to welcome new perishables experts in Belgium," comments Bruno Jacques, Panalpina's managing director for Belgium and Luxembourg.
The move follows similar acquisitions in Germany and the Netherlands earlier this year. This latest transaction involving Belgium's market leader will further strengthen the the company's perishables network in Europe and the company's global end-to-end offering for fresh produce.
Panalpina will acquire the Belgian companies Adelantex NV and AD Handling NV, subject to conditions. The companies reached a respective agreement on December 18. The companies have agreed not to disclose any financial details of the deal.
With a presence in Brussels and Liege, Adelantex handles approximately 75,000 tonnes of air freight imports per year, and manages ground handling at Brussels Airport, customs clearance and the onward distribution in Europe, the company said.
"This latest acquisition in the perishables arena is another example of how we are building our end-to-end capabilities on the destination side in Europe. Adelantex's ground handling operations in Brussels are best in class and will serve as a blueprint for similar operations in other countries," explains Stefan Karlen, CEO of Panalpina.
The 46 staff of Adelantex serve roughly 200 customers across Europe that import fruits, vegetables, flowers, fish and plants into the region. The vast majority of perishables are imported via Brussels Airport where Adelantex operates a warehouse directly on the tarmac with 1,600 square metres of cold storage. A quarter of the overall volumes are imported via Liege Airport and Ostend Airport.
"As the undisputed market leader in perishables air freight imports in Belgium, Adelantex will benefit from Panalpina's global footprint and leading position in the perishables market to continue to grow and expand internationally," says Jozef Mergan, CEO and majority shareholder of Adelantex and AD Handling.
"Our Perishables Network is expanding rapidly. After the acquisitions in Kenya, Germany and the Netherlands earlier this year, we are now delighted to welcome new perishables experts in Belgium," comments Bruno Jacques, Panalpina's managing director for Belgium and Luxembourg.
