Kerry buys stake in Dutch forwarder
Hong Kong-based Kerry Logistics said Monday it has acquired a majority shareholding in Rotterdam-based ADCO Shipping and Forwarding BV.
Privately held ADCO provides ocean freight forwarding, warehousing and distribution services. Kerry said its addition 'strengthens Kerry Logistics' platform in northern Europe and complements its existing network of offices across the continent.'
'The addition of ADCO to our growing network in Europe will also increase our negotiating power with the sea freight carriers to and from northern Europe,' said Gary Wilcock, the company’s managing director for Europe.
Kerry buys stake in Dutch forwarder
