BDP acquires 100% of German joint venture
US logistics company, BDP International, has acquired full ownership of its joint venture with the transportation division of Frankfurt, Germany-based Merlin Logistics.
Established as joint venture in 2004, BDP International GmbH is now a wholly-owned subsidiary of BDP.
BDP chief financial officer Frank Osusky commented: “Given the importance of chemicals to the German economy and our firms’ respective strengths in chemical logistics, it was time to reinforce our position with a wholly-owned presence.”
He added that the move also represents another vital step in positioning BDP’s infrastructure and service portfolio for growth in Central and Eastern Europe through highly selective acquisitions, joint ventures and affiliations.
In addition to Merlin, the company has wholly-owned subsidiaries in France, Belgium and The Netherlands, a joint venture in Italy and affiliates in every country in Europe.
The acquisition comes a month after BDP International acquired a major interest in Mexico City-based JB Cargo Group. Established in 1992, JB Cargo Group also has operations in Guadalajara, Monterrey, Queretaro and Puebla.
In addition to Mexico, BDP has offices and affiliates in 28 other Latin American and Caribbean countries.
Established as joint venture in 2004, BDP International GmbH is now a wholly-owned subsidiary of BDP.
BDP chief financial officer Frank Osusky commented: “Given the importance of chemicals to the German economy and our firms’ respective strengths in chemical logistics, it was time to reinforce our position with a wholly-owned presence.”
He added that the move also represents another vital step in positioning BDP’s infrastructure and service portfolio for growth in Central and Eastern Europe through highly selective acquisitions, joint ventures and affiliations.
In addition to Merlin, the company has wholly-owned subsidiaries in France, Belgium and The Netherlands, a joint venture in Italy and affiliates in every country in Europe.
The acquisition comes a month after BDP International acquired a major interest in Mexico City-based JB Cargo Group. Established in 1992, JB Cargo Group also has operations in Guadalajara, Monterrey, Queretaro and Puebla.
In addition to Mexico, BDP has offices and affiliates in 28 other Latin American and Caribbean countries.