Lonrho buys Grindrod division

Johannesburg, South Africa: Lonrho Group, which has diverse interests in emerging African markets, has acquired fish, fruit and vegetable exporter Grindrod PCA to become Southern Africa’s biggest exporter of agricultural produce by air.

Lonrho bought Grindrod PCA, a division of shipping and logistics group Grindrod SA, for R50m cash.

The business has cold storage and logistics facilities in Johannesburg, Cape Town, Port Elizabeth and George. Its head office is at O R Tambo International Airport, where it operates a facility with direct airside apron access.

Lonrho executive chairman David Lenigas said: “The opportunities for Africa to further develop its agricultural output and supply produce to the booming African market and the growing export market are significant, and this acquisition places Lonrho at the forefront of meeting this demand.”

Grindrod PCA’s management will continue managing day-to-day business while the company is integrated into other agricultural logistics companies within the Lonrho Group.

Lonrho reports increased demand from retail chains in the US, Europe and Far East for fresh produce from Southern Africa and rising demand from increasingly affluent consumers in Africa.

The deal increases the logistics capabilities of Lonrho adding cold storage capacity and improved access for better handling of perishable products.

WORLD NEWS

Carrier webinar on electrification in the cold chain

Palm Beach Gardens, Florida, USA: Carrier is hosting a free webinar on electric transport refrigeration technologies that advance a sustainable cold chain. The one-hour webinar …

READ THE FULL STORY >

Carrier’s Lynx takes Edison Award for innovation

Palm Beach, California, USA: Carrier’s Lynx digital platform, a finalist in the Edison Awards, has won a silver ranking for excellence in the supply chain …

READ THE FULL STORY >

Carrier Transicold’s Electric E-Cool drives sustainable Transport

Long Beach, California, USA:  Carrier Transicold used the Advanced Clean Transportation Expo to show its range of electric transport refrigeration and cooling products as part of …

READ THE FULL STORY >

Reliable Healthcare upgrades warehouse controls

Chicago, Illinois, USA: “Digitization will enable us to gain operational efficiency for both labor and physical space and monitor operations more accurately,” says Gary Teleky, …

READ THE FULL STORY >

© 2022 Global Cold Chain News | Terms and Conditions | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ