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DANZAS ACQUIRES BRAZILIAN LOGISTICS COMPANY

DANZAS ACQUIRES BRAZILIAN LOGISTICS COMPANY

   Danzas has expanded into Latin America, acquiring DDF Logistics Ltda., a
subsidiary of Philips do Brazil, based in Sao Paulo.
   DDF was founded in 1974 as the internal service company for Philips do
Brazil’s product divisions. Since 1992, the company has expanded into
industrial sectors such as automotive, spare parts, electronics, cosmetics
and textiles.
   The company has been renamed Danzas Logistica Ltda.