Kuehne+Nagel buys Panatlantic Logistics

Schindellegi, Switzerland: Kuehne + Nagel has bought the perishables business of Panatlantic Logistics in Ecuador.

The company provides airfreight transport of perishable products and will strengthen Kuehne+Nagel’s its position in the export market to the United States, Europe and the Asia-Pacific region.

“Perishables Logistics is a strong growth driver for Kuehne+Nagel,” said Yngve Ruud, director, Kuehne+Nagel International AG, responsible for Airfreight.
“After the integration of two market leaders in 2017 the acquisition of the perishables business of Panatlantic Logistics SA marks another important step in our global strategy.

“Our KN FreshChain offers scalable solutions and highest standards for transportation of temperature sensitive perishable products. With Panatlantics Logistics on board we further strengthen and expand our fresh chain network – the largest in the logistics industry for perishables – connecting key production countries to major markets,” he said.

Panatlantic Logistics was founded in 1979 and is headquartered in Ecuador’s capital city, Quito. Operations are carried out in a temperature controlled warehouse at Quito airport. The combined volume of Kuehne+Nagel´s current business portfolio and Panatlantic´s will account for 32,000 tons air export perishables per annum out of Ecuador. Together with the perishables business managed in Colombia, Peru, Brazil and Chile, Kuehne + Nagel controls over 120,000 tons per annum of air export perishables in the South and Central America region.

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