With the acquisition of CFI, Commodity Forwarders, a major airfreight forwarder of perishables products in the USA, and Trillvane, one of the largest perishables specialists in Kenya, Kuehne + Nagel expands its global perishables network by adding more than 150,000 tons of perishables.
CFI, 1974 established by Alfred Kuehlewind as one-man office in Los Angeles shipping strawberries to Europe, today operates 14 locations throughout the United States including Alaska and Hawaii with more than 700 employees. The company is specialised 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, Kenya, will enable Kuehne + Nagel to strengthen its position in perishables operations between Kenya and Europe, in particular to the UK. With its 130 employees Trillvane is specialised in the export of flowers and vegetables. 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: “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.”
All parties agreed not to disclose the purchase price. Both transactions are subject to customary closing conditions and to clearance by the competent merger control authorities.
For more information:
home.kuehne-nagel.com
Announcements
Vacancies
"Tweeting Growers"
Top 5 - yesterday
Top 5 - last week
Top 5 - last month
- Hasfarm’s network expands in Indonesia, partnering with Bromelia Flowers and Tropika
- "Breeders need to study the Chinese market carefully before introducing a variety"
- Royal Flowers merges with The Elite Group
- North America: “Unbridled optimism for Mother’s Day tempered by reality”
- “A new sales channel for flower companies without any labor or high fixed costs”
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-06-01 LATAM Cargo, Kuehne+Nagel, and Elite Flower invest in sustainable fuel
- 2023-06-01 Kenya: Big shift in moving horticulture exports from air to sea freight
- 2023-05-31 Port of Los Angeles handled 688,000 TEUs in April
- 2023-05-31 WFS to boost logistics infrastructure at BLR as perishables trade grows
- 2023-05-25 'Generally stable waiting times for ports in North and Latin America anticipated'
- 2023-05-24 Chrysal expands its services for sea freight of flowers
- 2023-05-23 LATAM Cargo, Kuehne+Nagel and Elite Flower invest in sustainable aviation fuel
- 2023-05-22 Avianca Cargo breaks record in flower transport
- 2023-05-19 LATAM Cargo closes Mother's Day by transporting close to 20.000 tons of flowers during the season
- 2023-05-19 US (NY): Customs at JFK discover live larvae among plastic flowers
- 2023-05-17 Application of antiperspirants to improve the condition of ornamental plants in refrigerated longdistance transport
- 2023-05-17 NL: Flowers won't grow at Schiphol airport as it focuses on cargo quality not quantity
- 2023-05-12 Flowers arriving at Miami International Airport to meet demand for Mother's Day
- 2023-05-12 US (FL): "30% more flower shipments received for Mother's Day 2023"
- 2023-05-10 Air France KLM Martinair Cargo takes next steps in digital commercial approach
- 2023-05-09 UK road transport prices hit April record as double-digit inflation remains
- 2023-05-03 US (FL): "Floral imports on track to this point"
- 2023-04-28 Priority given to flowers in Latin American transport
- 2023-04-27 Turkish Cargo and Avianca Cargo sign an MoU to further enhance their cooperation with global reach
- 2023-04-19 Aero Africa handles first Nairobi-Muscat SalamAir freighter
