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SEAFRIGO ACQUIRES UK FORWARDER PERISHABLE MOVEMENTS LIMITED (PML)
July 10, 2023

Seafrigo has acquired the specialist UK-headquartered forwarder Perishables Movements Limited (PML), with the formal signing of the deal taking place in London on July 10, 2023. 

 

In a statement, the food logistics company said effective immediately, all PML employees will join the Seafrigo Group, which will provide the group with a platform for future investment and growth in the region.

 

In the coming months, all PML locations will operate using a new co-branding with a view to eventually becoming Seafrigo. 

 

Seafrigo said PML operates from three locations in the UK, Heathrow, Lincolnshire and Kent and across air, ocean and road forwarding while also offering warehousing and value-added services to customers.

"With its excellent market reputation and our shared expertise in the management and distribution of temperature-controlled goods, this deal is the perfect fit for us," said Jason Knox, regional CEO of Seafrigo.

 

"Through an expanded airfreight capability which PML will bring to our operation, all our customers will be able to benefit from an improved service offering, expanded geographic coverage, scale of operations, improved buying power and enhanced service solutions," he added.

 

Mike Parr, CEO of PML said the acquisition is "very much business as usual for all our customers."

 

"We are delighted to become part of the Seafrigo Group, which has more than 40 years of specialist leadership in the temperature-controlled food logistics market," he said. "The deal provides us all with the opportunity to grow and enhance our business and to truly control the global logistics chain from origin to destination for our customers."

 

Seafrigo noted that the UK PML operation will plug in seamlessly to the global Seafrigo network enabling both companies' experts in their fields to leverage their knowledge to deliver an even better service for customers.

 

"I would like to extend a very warm welcome to our new colleagues from PML," said Eric Barbé, Seafrigo Group CEO. "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 onboard."

 

Meanwhile, the financial details of the transaction were not disclosed.