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M&A boom in the logistics sector in 2019
11 January, Milani Finanza
2019 has just started, and it looks like a dynamic year concerning M&A in the logistics and transport sector. Several operations have been concluded in the first ten days of the year. The logistics company from Alto Adige Fercam announced that, after having leased a company division of Artoni in April 2017, along with its real estate partner Prelios, it had acquired Artoni which is under compulsory administration. The operation concerns 26 properties throughout Italy and over 1,500 work load units, mainly swap bodies.
The Mrz group, through the Piedmont subsidiary Marenzana, took over Effepierre Multiservizi, the Milan road and rail shipping company specialised in the transport of raw materials by silos, tanks, refrigerated trucks and tarpaulin-covered containers. The two companies complete each other since Merenzana is specialised in the domestic and international transport of liquid products, gas and wastes, as well as operating in the cleaning of tanks. Effepierre is owned and guided by Francesco Prestileo, has a turnover of approximately 4 million and it will continue working as an autonomous entity within the new group.
Moreover, there has been the acquisition of 70% of Clerici Logistics, the Genoa-based company operating in the logistics and transport of fresh fruits via refrigerated truck. The company is owned by Alfonso Clerici, who holds 30% of the company and will remain the Ceo. It was acquired by the Spanish group Martico SL, a leading courier in Europe specialised in the transport of food via refrigerated trucks. The new company has been named Martico Clerici srl. Thanks to the partnership, the company will be operating on the Italian market, as well as from the Martico offices in Belgium, France, Germany, Netherlands, Poland, Slovenia, Croatia, Turkey, Egypt and South America.
The group Grimaldi from Naples is about to officialise a deal concerning a vast and critical area of the port of Livorno. As announced by the commercial and operational director Costantino Baldissara, Grimaldi will settle in the former Trinseo factory. “We’ve signed an agreement, and we’re about to close the deal for the acquisition of the former Trinseo factory, which is currently being requalified. The area covers a surface of 115,000 Sq m for an investment amounting to 15 million”, says Baldissara. “The forecourt will be used for car handling, and we plan to build a silo to stock the vehicles”. For Grimaldi, the port of Livorno represents a crucial position for sea shipping and automotive logistics. The corresponding dock has no direct access to the sea, but it’s linked via rail, and it’s currently occupied by the logistic infrastructure of Trinseo. The multinational operates in the production of styrene plastic, rubber and latex for the paper industry. The termination of the activities was announced in 2016.
Source: Milano Finanza
Translator: Cristina Ambrosi