Ceva Logistics to sell its IBC business
Brambles Ltd. buys the European Container Logistics business and the Asia Pacific Pallecon business of Ceva Logistics
Ceva Logistics recently announced the signing of a definitive agreement with Australian company Brambles Limited for the sale of both its European Container Logistics business and its Asia Pacific Pallecon business, subject to typical closing conditions.
Both businesses offer a full range of IBCs for the packaging of liquid, dry products and general security use. Within Ceva, each business operates as a self-contained business segment, with dedicated management teams and separate systems, processes and customers.
“While these are both businesses with exciting prospects, they lie outside Ceva’s core business of non-asset based integrated supply chain solutions, primarily Freight Management and Contract Logistics”, Marvin O. Schlanger, CEO of Ceva said. “We feel that the businesses will be able to realize their full potential under the ownership of Brambles, and thank the management and staff for their contribution to Ceva.”
Ceva designs and implements logistic solutions for large and medium-size national and multinational companies. Approximately 51,000 employees are dedicated to delivering effective and robust supply chain services across its integrated network, with a presence in over 170 countries. For the year ending 31 December 2011, the Group reported revenues of Euro 6.9 billion.
Quelle: LogEastics
Portal: www.logistik-express.com