23 Desember 2016

[231216.EN.BIZ] French Reefer Truck Major Expands Into Holland With Buy-in and Buy-out

FRENCH reefer truck operator STEF has expanded in the Netherlands with the acquisition of Dutch counterpart Vers-Express and the purchase of a minority stake in Netko.

STEF, with 2015 revenues of EUR2.8 billion (US$2.9 billion), also bought Speksnijder in 2014 and runs three Dutch companies and offer 16,000 square metres of reefer warehousing, reports Lloyd's Loading List.

STEF is now positioned to cover the whole of the Netherlands in temperature-controlled transport and logistics, said deputy CEO Serge Capitaine.

It also operates reefer trucking in France, Belgium, Switzerland, Spain, Portugal and Italy and from December 1 under the unified brand STEF Europe.

Now the biggest reefer trucker in Europe, STEF is also is in partnership with leading German frozen-food logistics operator Nordfrost.

STEF operates 200 offices and warehouses in Europe that runs a fleet of 1,900 vehicles and 1,950 refrigerated trailers.

Source : HKSG.

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