Kerry Logistics Acquires Cargo Master’s Group

Kerry Logistics Acquires Cargo Master’s Group

Kerry Logistics has acquired a majority stake in Cargo Master’s Group, a Mexico-based freight forwarding and logistics company with six domestic offices.

The acquisition marks Kerry Logistics’ second major investment in Latin America this year, following its acquisition of Braservice of Brazil in June.

“This acquisition is part of our strategic objective to further develop our business and network in the dynamic Americas region,” said William Ma, managing director of Kerry Logistics Network, in a written statement.

Thomas Kroeger, general director of CMG, added: “This integration will open up new possibilities of growth and will enable us to further expand our market share in Mexico.”