Subscribe to RSS feedToll snaps up NZ freight forwarder
TOLL Group has made good on managing director Paul Little’s repeated pledges to make acquisitions, buying leading New Zealand freight forwarder Express Logistics Group (ELG). It was said last week that it had paid about $50m.
The purchase followed the buy-out of Japanese logistics provider and express freight operator Footwork Express earlier in the month. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
ELG, which mainly carries clothes and footwear imports and exports, has 12 freight forwarding branches in Australia, NZ and Los Angeles.
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