Sprintpack CEO-owner invests in Plus Logistics
Peter Somers, CEO-owner of SPRINTPACK NV and former board member of bpost, has invested in PLUS LOGISTICS, a Belgian company specialised in B2B and B2C logistics. Somers said that the investment will strengthen Sprintpack’s offering for the e-commerce market.
Plus Logistics (formerly Libridis NV) was founded in 1986 as a unit owned by the Dutch Libridis Group BV. Libridis NV was a wholesaler and logistics services company for bookshops in the Netherlands and Belgium. The name Plus Logistics originated with a management buy out (MBO) of the Belgian unit by the former operational Director Hans Scherlippens in 2011.
The MBO had been initiated as part of a strategic re-orienation within the Libridis BV group.
Plus Logistics has been operating independently since 2011 and has also diversified to other B2B and B2C market sectors.
In a statement sent to Post&Parcel today, Sprintpack commented: “As a result of the sharp decrease in its domestic book market, the Dutch Libridis Groep, had to liquidate in 2012. This receivership translated into a loss of the most important client for Plus Logistics causing serious pressure on the company’s revenue and margin.
“The resulting cashflow position of the company caused a debt mediation for Plus Logistics commencing in May 2015.
“The subsequently proposed restructuring plan was approved by the remaining creditors at the end of October as a foundation for a healthy re-start with sufficient potential and promise which further substantiated the capital injection by Peter Somers.”
Focusing on Plus Logistics’ current activities, the Sprintpack statement added: “The present B2B and B2C offering by Plus Logistics is oriented to delivering a complete package of e-commerce logistics services. Aside from the book market, these services have been implemented for clothing brands like Terre Bleue, Sarah Pacini, Xandres, Hampton Bays, Gigue and other famous brands like Jules Destrooper.”
The company will maintain this focus on logistics services operating with its new name, SprintPack Logistics NV, and will remain under the leadership of the present director Hans Scherlippens.
Commenting on deal, Peter Somers said: ‘I am convinced that the present know-how, quality and experience of Plus Logistics in e-commerce fulfilment provides an additional means to the service proposition of SprintPack to provide web shops an excellent and wide array of logistics solutions. For e-commerce start-ups, retailers, e-tailers and FMCG-companies we can truly provide state-of-the-art fulfilment solutions combined with our unique one-label parcel distribution solution to the entire world’.
As previously reported by Post&Parcel, SprintPack was launched by Peter Somers in September 2015 with offices in Belgium and China.
