Kuehne and Nagel expands in perishables

Christchurch, New Zealand: Fast-growing Kuehne and Nagel is acquiring 75% of the shares of New Zealand based reefer operator Cooltainer.

The move comes hot on the heels of Kuehne and Nagel’s acquisition of three South American airfreight forwarders that handle perishables logistics in January.

Christchurch-based Cooltainer was founded in 1967. The company’s 45 employees operate a dedicated branch network throughout Australia and New Zealand. Cooltainer provides a comprehensive door-to-door service for temperature sensitive cargo, such as fruit, meat, frozen vegetables and meals, in the South Pacific region.

“New Zealand is of key importance for perishables exports to Australia and the South Pacific Islands,” says Peter Ulber, executive vice president, sea and air logistics at Kuehne and Nagel International. “We are very pleased to join forces with Cooltainer to further strengthen our regional market position through this strategically focused product offering. Cooltainer’s activities ideally complement our operations in Australia and New Zealand and will give us the opportunity to generate synergies to the benefit of our customers.”

Stuart Grant, chief executive of Cooltainer, says: “Demand for New Zealand and Australian food products will continue to be strong and the performance of the cool chain service providers is crucial in ensuring exporters achieve maximum return.”