Freight News, Logistics

Kerry buys in Mideast and Canada

[ January 5, 2015   //   ]

Asian-based Kerry Logistics Network has taken a controlling stake in Dubai-based forwarder Able Logistics Group. The company has offices across UAE, Saudi Arabia, Oman and China.

In Canada, Kerry Logistics has bought majority stakes in freight forwarders Total Logistics Partner Ocean Consolidators and Total Logistics Partner Air Express. The acquisition has added Montreal and Toronto to Kerry Logistics’ worldwide network.

Kerry Logistics group managing director, William Ma, 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 – US, Canada, Mexico and Brazil.”