Kerry Logistics acquires two Chinese firms
Kerry Logistics has strengthened its presence in the ocean freight and 3PL sectors with the acquisition of two Chinese companies. The operator has acquired a controlling interest in Shanghai Wisdom Group (Wisdom) and Shanghai Huicheng Logistics (HCL).
Wisdom is an NVOCC and operates one of the major sea freight consolidation platforms. It enjoys a prominent position in the local sea freight business and ranks in the top three companies operating out of Shanghai serving the Japan and Southeast Asia trade routes.
HCL is a 3PL, specialising in integrated logistics in chemicals, with a special focus on dangerous goods, FMCG (Fast Moving Consumer Goods), electromechanical and automotive industries. A major service of HCL is chemical logistics spanning dangerous goods logistics which provides significant synergies for Kerry Logistics’ business in China.
“These two acquisitions demonstrate our commitment to building on our strong position in both the ocean freight and logistics sectors in China. We are always looking to provide our customers with an improved level of service and to strengthen our comprehensive domestic logistics network in China, “said Edwardo Erni, managing director, Mainland China.
