Feb

Barloworld Transport buys 51% of Aspen Logistic Services

2016-02-04 08:16
Signing the deal which sees Barloworld Transport acquiring 51% of Aspen Logistic Services are Barloworld Transport CEO Neil Henderson (left) and Aspen’s managing director, Dr Sujen Padayatchi.

In a strategic business move, Barloworld Transport has acquired 51% of leading refrigerated transport company, Aspen Logistic Services. The controlling share was obtained in a deal between Barloworld Transport CEO, Neil Henderson and Aspen Logistic Services managing director, Dr Sujen Padayatchi.

“We’re excited to have finalised this deal with Aspen,” says Henderson. “We have great respect for their business which has been built from the ground up, ultimately becoming one of the most respected operators in the refrigerated transport industry.”

Aspen was established in December 2000 and has grown to service a large number of customers across a wide range of manufacturers and retailers, including Famous Brands, which voted Aspen their Supplier of the Year for 2015.

They have long served the industry as a specialist service provider to the Fast Moving Consumer Goods (FMCG) market, transporting temperature controlled and ambient products for clients that supply products primarily to the major retailers.

“Incorporating Aspen Logistic Services into our stable means we are able to broaden our specialised offerings of smart, reputable and reliable transport solutions to our customers throughout Southern Africa,” adds Henderson.

The acquisition of 51% of Aspen Logistic Services will see Barloworld Transport adding a herd of Freightliners as well as refrigerated trailers to their fleet.

The acquisition of 51% of Aspen Logistic Services will see Barloworld Transport adding a herd of Freightliners as well as refrigerated trailers to their fleet.

Apart from the obvious commercial benefits, both Henderson and Padayatchi note that the shared values and relationship-based business style of both companies have been critical in forming a solid foundation for this agreement.

“The Barloworld Transport partnership made sense on many levels but primarily because there is a strong culture fit and customer-centric approach. We are partnership-driven and make sure we work as partners with our clients. Barloworld Transport also has some of the most advanced fleet management systems and technology on the roads that will surely strengthen our business,” says Dr Padayatchi.

“We believe this is going to be a powerful partnership that works from a business perspective and most importantly, works for our customers.”

The deal came into effect in January 2016 and will see both companies being able to enhance their offering and deliver smart transport solutions across a range of industries.

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