Panalpina continues to expand in the perishables s

(www.cargofee.com) News Broadcast：

Panalpina will continue the expansion of its perishables network in South America through the acquisition of CargoMaster in Colombia and its subsidiary, Laseair, in Ecuador.

Panalpina said that CargoMaster is one of Latin America’s largest companies specialised in the airfreight export of perishables, mostly flowers to the US.

From Colombia and Ecuador, the two companies predominantly export to the US, but also to Europe and Asia.

“As we continue to expand the perishables business in this part of the world, we also see great development opportunities for our Charter Network with its gateway in Huntsville, Alabama.”

CargoMaster exports flowers and fruits by air. It was founded in 1987 and today employs 134 staff in Colombia (Bogota, Medellin), and, through its subsidiary, 32 in Ecuador (Quito).

The parties have agreed not to disclose any financial details of the deal. This is the forwarder’s latest in a series of acquisitions in the perishable sector.

This is not the only takeover deal that Panalpina is currently involved in. Danish forwarder DSV has made an offer to acquire all of its shares.

CargoFee (www.cargofee.com) can query and learn more about the latest news of logistics!