JAS Worldwide wraps up bolt-on deal
Atlanta’s JAS Worldwide has announced the purchase of Milan-based Multilogistics SpA. The size of the deal, ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
PRESS RELEASE
Atlanta, USA. JAS Worldwide today announced that its subsidiary, JAS Brazil, has acquired 100% of the shares of Sonave Logistica. The acquisition closed on Jan 1st, 2021.
Sonave has been JAS Brazil’s exclusive Agent in Belo Horizonte (Minas Gerais) and Curitiba (Parana) for the past 10 years, providing freight and logistics services. The two companies have successfully expanded their global business during the ensuing years. Sonave Logistica, founded in 1983, has been owned and managed by Leonardo Abreu and Ricardo Nunes, both of whom will remain with the company in executive functions.
“Joining JAS Worldwide is the logical outcome of a successful relationship, opening new opportunities for our employees and customers”, said Leonardo Abreu, President of Sonave Logistica.
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Of the acquisition, Adrian Emmenegger, Executive Vice President of the Americas at JAS Worldwide said, “We are pleased to welcome the Sonave team to the JAS family and look forward to the growth the combined company will bring – because people do make the difference.”
To read the full release, please click here.
Our JAS Worldwide coverage can be found here.
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