ACFS Port Logistics has announced the acquisition of Kerry Logistics warehouse and transport business in Adelaide.
The relationship between both organisations was reportedly strengthened in 2017 when ACFS acquired Kerry’s MT Park business, and has now “evolved” via the recent acquisition, effective 6 July.
ACFS has core infrastructure assets in Australia that specialise in the container logistics supply chain.
ACFS chief executive and managing director Arthur Tzaneros said expansion in the Adelaide market had been a strategic focus in recent years.
“We have patiently awaited the right acquisition opportunity whilst furthering the capability of our existing operation and building a solid foundation that is capable of comfortably managing strong growth be it organic or via M&A,” Mr Tzaneros said.
“Kerry’s business and customer base perfectly complements ACFS’s strength in providing warehousing and transport solutions via the most efficient and lowest cost operating model”.
This transactions is an addition to ACFS’ “growing footprint” of transport and warehousing assets nationally.
ACFS plans to use and implement its state-of-the-art high productivity vehicles to service the Adelaide market where possible, that are currently on order from Australian manufacturer in Vawdrey.
ACFS chairman Terry Tzaneros said investing in growth was keen to invest despite challenging economic conditions.
“ACFS are driven to continue to invest in the right opportunities that will provide all our current and future customers a National solution that is highly capable of meeting their evolving needs,” he said. “The ACFS team look forward to transitioning the highly valued customers and staff of Kerry’s to the ACFS family and wish everyone strong growth, welfare and prosperity as we work through this unprecedented economic period.”