Following on from yesterday’s announcement regarding Panalpina’s acquisition in the Netherlands, the international freight forwarding and logistics company is now also expanding its Perishables Network into Germany.
Panalpina has entered into an agreement with the Cool Chain Group, Germany (CCG), taking over business and a team that is specialized in international air freight and the import of perishables. The deal will further strengthen the Panalpina Perishables Network in Europe and the company’s global end-to-end offering for fresh produce.
Rungis Express, the parent company of CCG, and Panalpina have agreed to the business takeover on September 28, 2017. As part of this deal, Panalpina in Germany will take over a team of employees and a flourishing perishables business stemming from well over 100 customers and representing around 14’000 tons of air freight per year.
“Our recent acquisitions in the perishables market have concentrated on the export side, but we also want to increase our footprint in key import markets and build our end-to-end perishables capabilities at major gateways such as Frankfurt and, as demonstrated yesterday, Amsterdam. These latest developments are further important steps towards offering complete end-to-end solutions on a global scale as we continue to expand our Perishables Network,” explains Stefan Karlen, CEO of Panalpina.
Rungis Express has decided to shift away from international freight forwarding activities.
“Over the years, we have built a very knowledgeable team that specializes in international air freight and the import of perishables such as fresh cut flowers, beans, fish, frozen sea food and mangoes, mostly from Africa and Latin America. However, we want to refocus on our key capabilities and are convinced that these specialists and the customers they serve will be in better hands with Panalpina,” says Kai Schneider, managing director of Rungis Express.
The former managing director of CCG, Markus Kampa, will lead the entire team and further develop the business as Panalpina’s new country head of Perishables Germany. Panalpina will additionally have access to cold storage space within CCG’s temperature-controlled transit warehouse in Kelsterbach, close to Frankfurt Airport and one of Europe’s most important import hubs for perishables. Furthermore, Panalpina will continue to benefit from CCG’s well-established overland distribution network and cool chain capabilities in Germany and many neighboring countries.
The companies have agreed not to disclose any financial details of the deal.
Source: panalpina.com