SWISS global logistics giant Kuehne+Nagel (K+N) has acquired Worldwide Perishable Canada (WWP), which further expands the perishable division of the business
SWISS global logistics giant Kuehne+Nagel (K+N) has acquired Worldwide Perishable Canada (WWP), which further expands the perishable division of the business. Founded in 1999 and headquartered in Nova Scotia, Canada, WWP is a leading freight forwarder that is particularly involved in the exporting of tuna.
K+N already has a strong presence on the east coast of North America. Its acquisition of WWP will strengthen its perishable network in Canada, thereby allowing it to provide its customers with an extended service offering, reported London's Air Cargo News.
The combined volume of both companies' business portfolios will account for more than 17,000 tonnes air export of perishables per annum out of Canada, strengthening K+N's market leading position in North America.
Greg Martin, regional airfreight manager at K+N North America said: 'Perishables logistics is one of our strongest growth drivers at K+N. Thus, we have been continuously investing in the expansion of our dedicated network: through selected acquisitions and by connecting key production countries to major markets.'
Chief operating officer at WWP, Doug McRae, said: 'We are looking forward to joining K+N. Combining the strengths of both companies, we will add outstanding value in the regional and international perishables business. For both, our customers and our employees this will generate growing perspectives and services.'
Jamie Wood, national manager, K+N Canada, added: 'Acquiring a specialised player in seafood logistics, K+N consolidates its leading position in the market. Using the network and experience of both companies, our customers can benefit from an enhanced offering and the best possible solution to their needs.'
Over the past few years, K+N and rival Panalpina have expanded their perishable portfolios with acquisitions. The perishable sector is considered low margin, but it offers a regular flow of traffic, often on backhaul trades.
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