Panalpina expands perishables network
Panalpina is continuing to expand its perishables network in South America through the acquisition of Cargo Master in Colombia, and its subsidiary, Laseair in Ecuador.
Cargo Master is one of Latin America’s largest companies specialized in the airfreight export of perishables, mostly of flowers to the USA.
Stefan Karlen, CEO of Switzerland-based Panalpina, said: “The acquisition will make us the perishables market leader in Colombia and Latin America, and strengthen our position in Ecuador.
We are adding significant volumes and know-how to our perishables footprint in Latin America, which will allow us to further deepen our well-established relationships with the airlines and producers in the region.
As we continue to expand the perishables business in this part of the world, we also see great development opportunities for our charter network with its gateway in Huntsville AL (USA).”
Cargo Master was founded in 1987 and today employs 134 staff in Colombia and, through its subsidiary, 32 in Ecuador. (mw)