Hong Kong—Kerry Logistics Network Limited has made two strategic aquisitions to expand reach and capacity of its international freight forwarding (IFF) business in the Middle East and Canada.
In Canada, Kerry Logistics has extended its geographic reach, acquiring majority stakes in Total Logistics Partner Ocean Consolidators Inc. and Total Logistics Partner Air Express Inc (TLP), two Canadian freight forwarding companies focused on the Asia-Canada trade. The acquisition has added Montreal and Toronto to Kerry Logistics’ worldwide network.
Kerry Logistics has also strengthened its IFF capacity and network through acquiring a controlling stake in 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.
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: USA, Canada, Mexico and Brazil.”
Lois Krupka, President of TLP said, “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.”
Kerry Logistics has operations across Greater China and the ASEAN region. Its core competence is providing highly customized solutions to multinational corporations and international brands. It currently has more than 550 office locations in 39 countries and territories, and is managing over 42 million sq.ft. of logistics facilities worldwide.
Founded in 1986, TLP specializes in air and ocean freight from Asia to Canada and offers its customers complete logistics solutions worldwide.
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