The transaction involves the purchase of the following subsidiaries: LCL Chile, Frigorífico LCL – Ovalle, Global Shipping Services, LCL Peru, LCL Ecuador, LCL Panama, LCL Costa Rica, LCL South Africa and US company Universal Freight Forwarders.
In a press release the consortium, which is comprised of English, Danish and Chilean investors, stated the new corporate structure would benefit the fresh produce industry.
“We are certain that the new corporate structure will entail huge benefits to both clients and suppliers by expanding and consolidating the business for the entire market covered by LCL’s services. Having such an independent and flexible service provider, that is also fully devoted to meet its clients’ needs, is an omen of good results,” stated LCL Group CEO Miguel A Quezada in the press release.
He added that new owner would continue to adapt the provider’s service portfolio to current industry requirements and market developments, while participating in both logistics and supply chain management.
The company will service the Chilean, Panamanian, Costa Rican, and South African markets, as well as those of North America, Europe and Asia.