The M&A window of opportunity is wide open
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Panalpina is to acquire Dutch handling agent Interfresh, as it looks to consolidate its African perishables operations.
The acquisition, which includes subsidiaries Fresh Cargo Connection and Dutch Cargo Connection, follows its purchase of Kenyan forwarder – and Interfresh customer – Air Connection this year.
Chief executive Stefan Karlen said the acquisition gave the 3PL “full control” over the cool chain for one of the perishables industry’s “most important” tradelanes for flowers: Nairobi to Amsterdam.
Panalpina’s country manager for Kenya, Conrad Archer, told The ...
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