Kerry Logistics has purchased a majority stake in Mexico-based freight forwarder Cargo Master’s Group (CMG) for an undisclosed amount.
CMG, which has six offices in the country, is Kerry’s second investment in Latin America this year. Through the purchase, Kerry officials will strive to strengthen trade ties between Mexico and Asia.
“With this acquisition, we set another significant milestone in our regional development,” Kerry’s Christian Ryser said in a statement. “We are excited to be able to offer our Mexican customers a range of integrated logistics and forwarding services throughout the Kerry Logistics Asian and worldwide network.” – Jon Ross
Kerry Logistics buys Mexican forwarder
