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Kerry Logistics purchases Far East-focused Montreal and Toronto forwarders
HONG KONG's Kerry Logistics has bought Montreal's Total Logistics Partner Ocean Consolidators Inc and Total Logistics Partner Air Express Inc (collectively called TLP), two Canadian freight forwarding companies focused on the Asia-Canada trade.
This follows news of the purchase of 70 per cent of Dubai forwarder Able Logistics Group for US$32 million,. Earlier Dubai's Growthgate Capital announced it had sold its 70 per cent to Singapore's Kerry Freight Services (South Asia) Pte Ltd, a wholly owned subsidiary of Kerry Logistics Network.
The acquisition has added Montreal and Toronto to Kerry Logistics' worldwide network. "These acquisitions complement our existing international freight forwarding network and marked further inroads in our international expansion," said Kerry Logistics managing director William Ma.
This follows news of the purchase of 70 per cent of Dubai forwarder Able Logistics Group for US$32 million,. Earlier Dubai's Growthgate Capital announced it had sold its 70 per cent to Singapore's Kerry Freight Services (South Asia) Pte Ltd, a wholly owned subsidiary of Kerry Logistics Network.
The acquisition has added Montreal and Toronto to Kerry Logistics' worldwide network. "These acquisitions complement our existing international freight forwarding network and marked further inroads in our international expansion," said Kerry Logistics managing director William Ma.
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