French temperature-controlled food logistics company Seafrigo has acquired UK-based specialist freight forwarder Perishables Movements Limited (PML), with the formal signing of the agreement taking place in London on 10 July 2023.
The acquisition is effective immediately and all PML employees will join the Seafrigo Group, providing a platform for future investment and growth in the region, Seafrigo said.
Over the coming months, all PML sites will operate under a new co-branding with a view to eventually becoming Seafrigo. PML operates from three locations in the UK, Heathrow, Lincolnshire and Kent, and provides air, sea and road freight forwarding as well as warehousing and value-added services to its customers.
Seafrigo Regional CEO, Jason Knox, said:
“With its excellent market reputation and our shared expertise in the management and distribution of temperature controlled goods, this deal is a perfect fit for us. Through the expanded air freight capability that PML will bring to our business, all of our customers will benefit from an enhanced service offering, expanded geographic coverage, scale of operations, improved buying power and enhanced service solutions.”
PML CEO Mike Parr adds:
“For us, this new era is very much business as usual for all our customers. We are delighted to become part of the Seafrigo Group, which has been a specialist leader in the temperature controlled food logistics market for over 40 years. The deal gives us all the opportunity to grow and enhance our business and to truly control the global supply chain from origin to destination for our customers.”
PML’s UK operations will be seamlessly integrated into Seafrigo’s global network, allowing both companies, experts in their fields, to leverage their knowledge to provide an even better service to customers.
Eric Barbé, CEO of Seafrigo Group, said:
“I would like to extend a warm welcome to our new colleagues from PML. Together we have the synergies and determination to build the world’s leading end-to-end temperature-controlled organisation and I am delighted to have their team on board.”