Kuehne + Nagel Makes Acquisitions to Expand Position in Perishables Logistics
Kuehne + Nagel has announced the acquisition of CFI, Commodity Forwarders Inc., a leading airfreight forwarder of perishables products in the USA, and Trillvane Ltd, one of the largest perishables specialists in Kenya. The acquisitions expand their global network by adding more than 150,000 tons of perishables and further strengthens their position to provide end-to-end international and domestic fresh chain solutions.
CFI is specialized in airfreight export and import as well as distribution of seafood, all kinds of agricultural products, flowers and greens. Alfred Kuehlewind, Founder and CEO of CFI: “We are looking forward to become part of the Kuehne + Nagel Group. The planned transaction will offer us new growth perspectives and access to a global logistics network. Both companies’ customers will benefit from an extended service scope.”
The acquisition of Trillvane Ltd, Kenya, will enable Kuehne + Nagel to strengthen its position in perishables operations between Kenya and Europe, in particular to the UK. Its location at the Jomo Kenyatta International Airport in Nairobi provides easy and quick access to all major airlines allowing for later cut-offs and shorter transit times leading to both cost savings and optimal handling of temperature sensitive goods.
Yngve Ruud, member of the Management Board of Kuehne + Nagel International AG, responsible for Airfreight Logistics said, “The two acquisitions mark another important step in our global perishable logistics strategy. These two transactions further strengthen and expand our fresh chain network connecting key production countries to major consumer markets. The business potential in the steadily growing global perishable sector is huge. Based on our dedicated network – by now the largest in the logistics industry for perishables – and globally integrated IT systems we can scale business opportunities and accelerate our growth in this sector with end-to-end transparency. At the same time, we improve our global and national positioning in airfreight. Together with CFI Kuehne + Nagel becomes the number 2 airfreight forwarder in the United States and the acquisition of Trillvane confirms our leading position in Kenya.”