Rhenus, a global logistics specialist, is further expanding its existing presence in the Latin America (LATAM) market through strategic initiatives aiming to enhance its service portfolio and capitalise on the region’s growing potential for globally connected supply chains. The company has announced its acquisition of Colombia-based BLU Logistics and a majority shareholding of LBH Group.
BLU Logistics is a LATAM freight forwarder present in Argentina, Colombia, Ecuador, Mexico, Paraguay and Uruguay as well as in Mainland China and Hong Kong with more than 180,000 TEUs of ocean freight volume.
Additionally, Rhenus is securing a majority share of 51% in LBH Group, which operates in more than 30 countries worldwide, including six in the LATAM region, and has additional alliances in several Central American countries.
Combining the BLU and LBH teams will result in the Rhenus Group growing its LATAM workforce by 2,200 employees,
These aquistions aim to bolster Rhenus presence in LATAM to accelerate further growth in global trade and enhance its Asia-LATAM trade lane, nearshoring capabilities, and service options in light of the industry trend to diversify sourcing and supply chains.
“Our strategic acquisitions allow us to further strengthen our global network and service portfolio in the LATAM region, where we see increasing demand for logistics services, especially for the e-commerce industry. In addition, the region’s proximity to the North American market fosters a robust environment for nearshoring, which aligns perfectly with our growth strategy. Together with BLU and LBH, we create a unique position with the value of a family-business for our customers and people by offering a strong footprint in key markets to secure more robust supply chains globally,” says Tobias Bartz, CEO and Chairman of the Rhenus Group.
Source: Rhenus
