The buyout is a new stage in the external growth strategy of FM Logistic, coming just one month after the acquisition of Univeg Logistics Russia. For its part, McLane will focus on its core wholesale business in the US.
FM Logistic will operate in Brazil from four sites representing over 200,000 square metres, more than 1,150 employees and turnover of €47m in 2012. All the facilities are located close to the great consumer centres of the country, Sao Paulo, Rio and the southern regions.
FM Logistic is taking over a portfolio of major customers in Brazil in the areas of cosmetics, consumer electronics, consumer goods and automotive.
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