A French coup and a new split
The internationalisation of the Versmold (Germany)-headquartered Nagel-Group, which started about twenty years ago, is undergoing a reshuffle.
Under the direction of group's new CEO Carsten Taucke, a part of the network is to be sold: the French provider of temperature-controlled logistics, the Stef Group, will take over the five Nagel locations in Italy, Belgium and the Netherlands. According their own information, these hubs generate a yearly turnover of around EUR 95 million with around 200 employees.
New distribution agreements on continued cooperation are part of the deal between Stef Group and Nagel-Group, which can rely on the partner's facilities in the three respective countries. In return, the Stef Group can now offer its customers improved distribution services in Germany and central and northern Europe.
The acquisition, which is still subject to approval by the authorities, is expected to be closed in January 2021. (sh)