Kuehne + Nagel has strengthened its perishables network in South America with the acquisition of Panatlantic Logistics Ecuador.
The Quito-based company was founded in 1979, operating out of a temperature controlled warehouse at the airport, and the combined volume of Kuehne + Nagel’s existing portfolio and Panatlantic’s will account for 32,000 tonnes of perishable airfreight exports per annum from Ecuador.
Together with perishable businesses managed in Colombia, Peru, Brazil and Chile, Kuehne + Nagel controls over 120,000 tonnes of perishable airfreight exports in the South and Central America region.
Kuehne + Nagel International management board member responsible for airfreight, Yngve Ruud says: “Our KN FreshChain offers scalable solutions and highest standards for transportation of temperature sensitive perishable products. With Panatlantic Logistics on board we further strengthen and expand our fresh chain network – the largest in the logistics industry for perishables – connecting key production countries to major markets.”
Panatlantic Logistics shareholder and chief executive officer, Raul Aragundi says: “We are very proud to become part of the Kuehne + Nagel Group. By joining forces we will co-create an enormous potential of opportunities for our customers. Our strong and reliable market position in Ecuador will add and generate new and multiple chances for growing perspectives and services.”