FM Logistic sets up operations in Brazil
The French logistics service provider FM Logistic and the McLane Company, Inc, have come to an agreement relating to the purchase of McLane's logistics subsidiary in Brazil. The buyout is a new stage in the external growth strategy of FM Logistic, coming just one month after the acquisition of Univeg Logistics Russia. For its part, McLane will focus on its core wholesale business in the USA. FM Logistic will operate in Brazil from four sites covering more than 200,000 sqm, and over 1,150 employees and a turnover of EUR 47 million in 2012. All the facilities are located close to Brazil's major consumer centres - Sao Paulo, Rio and the southern regions. FM Logistic is taking over a portfolio of major customers in Brazil, in the areas of cosmetics, consumer electronics, consumer goods and automotive. McLane Company is a USD 44 billion supply chain services leader, providing grocery and foodservice supply chain solutions for convenience stores, mass merchants, drug stores and chain restaurants throughout the USA.