Acquisition opens up Brazil market
FM Logistic and McLane Company have come to an agreement on the purchase of the logistics subsidiary of McLane in Brazil.
The acquisition of Mc Lane’s Brazilian logistical division by FM Logistic marks a new stage in FM Logistic’s strategy for external growth, coming just one month after the acquisition of Univeg Logistics Russia by FM Logistic. The Brazilian subsidiary of FM Logistic is to be known as FM Logistic do Brasil, or FM Brazil.
Under the FM Logistic do Brasil name, FM Logistic will operate in the Latin American country out of four sites covering an area of over 200,000m2, with more than 1150 employees and a turnover of €47m (2012 figures).
