Transpac leader Kerry craves diversity via M&A
A crowded space
Hong Kong-based 3PL Kerry Logistics Network has acquired US-based freight forwarder Apex Maritime, a specialist in the transpacific trade.
It says the move is part of a strategy to expand its international network of freight forwarding operations.
The deal has been in the making for a number of months, following a Kerry announcement to investors that it was in discussions to buy an unnamed US freight forwarder last year.
San Francisco-headquartered Apex booked just over 270,000 teu in 2015, making it the third largest non-vessel operating ...
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