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Panalpina to acquire Interfresh
Panalpina will acquire the Dutch company Interfresh Airfreight Handling as well as its sister companies Fresh Cargo Connection and Dutch Cargo Connection, subject to conditions. All three companies are fully owned by CEO and founder of Interfresh, Sonja Kauffman. The parties reached a respective agreement on September 27, 2017.
“By acquiring Interfresh we gain full control over the cool chain for one of the perishables industry’s most important trade lanes for flowers – from Nairobi to Amsterdam and beyond,” says Panalpina CEO Stefan Karlen. “It is also a logical transaction as the primary customer of Interfresh is Air Connection, the Kenya-based forwarder that we successfully acquired earlier this year.” The latest acquisition allows Panalpina to significantly expand its perishables offering in the Netherlands. Having its own fleet of vehicles, Interfresh specializes in the customs clearance and last-mile distribution of imported flowers from Kenya and different types of perishables from many origin countries in Asia-Pacific and Latin America. Fresh Cargo Connection acts as a fiscal representative for customers and Dutch Cargo Connection provides services for other perishables such as fish, fruit, vegetables and mushrooms. Located at Schiphol Airport with offices, a cold storage facility and an experienced team, the three companies handle around 20,000 tons of perishables air freight per year. Other important origin countries besides Kenya are Sri Lanka, South Korea, Taiwan, Canada, Ethiopia, Turkey, Colombia and Ecuador.
“In more than ten years we have built a solid and respected business and steadily grown our perishables volumes,” says Sonja Kauffman, who founded Interfresh in 2004 and fully owns and leads all three companies as CEO. “We are very proud of what we’ve achieved so far and now is the right time to secure further profitable growth, especially in the regions of Asia-Pacific and Latin America. Panalpina has the global network, tools and connections to help us achieve that.” Kauffman will join Panalpina as the new country head of Perishables for the Netherlands.
“The acquisition in the Netherlands is another significant step in building Panalpina’s global Perishables Network and offering complete end-to-end solutions on a global scale. It also exemplifies how we expand our presence and expertise in destination countries and at major transportation hubs for perishables,” concludes Karlen.
The companies have agreed not to disclose any financial details of the deal.
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