Barloworld Transport has acquired 51% of refrigerated transport company Aspen Logistic Services.
The controlling share was obtained in a successful deal between Barloworld Transport CEO, Neil Henderson and Aspen Logistic Services managing director, Dr Sujen Padayatchi. Aspen Logistic Services was established in December 2000 and has grown to service a large number of customers across a wide range of manufacturers and retailers, including Famous Brands, which voted it their Supplier of the Year for 2015. It has long served the industry as a specialist service provider to the Fast Moving Consumer Goods (FMCG) market, transporting temperature controlled and ambient products for clients that supply products primarily to major retailers.“Incorporating Aspen Logistic Services into our stable means we are able to broaden our specialised offerings of smart, reputable and reliable transport solutions to our customers throughout Southern Africa,” explains Henderson.
“The Barloworld Transport partnership made sense on many levels, but primarily because there is a strong culture fit and customer-centric approach. We are partnership-driven and make sure we work as partners with our clients. Barloworld Transport also has some of the most advanced fleet management systems and technology on the roads that will surely strengthen our business,” said Padayatchi. The deal came into effect last month.