Kerry Logistics Acquires Trustspeed Medicine Logistics in Taiwan

Kerry Logistics Acquires Trustspeed Medicine Logistics in Taiwan

Taiwan - 30 April 2012 - Kerry Logistics has acquired Trustspeed Medicine Logistics in Taiwan through its member company Kerry TJ Logistics, which specialises in pharmaceutical logistics and distribution services. The company is subsequently re-branded as TS Logistics.

The acquisition will strengthen Kerry Logistics’ capabilities in the pharmaceutical and healthcare logistics sector and extend its Asian distribution network in the market.

“This is a major step forward for Kerry Logistics to expand its presence in Taiwan’s dynamic and growing pharmaceutical and healthcare sector. We aim to tap into the huge potential of this market by further enhancing our specialty in this area,” said Richard Shen, Chairman, Kerry TJ Logistics.

Established in 1997, TS Logistics runs eight distribution hubs in Taiwan with a transportation fleet of 200 vehicles. It provides professional warehousing and speedy distribution of medicines to hospitals and pharmacies, covering daily delivery and urgent order fulfillments as well as packaging, COD (Cash On Delivery) and mobile advertising services to support its customers’ marketing campaigns.

About Kerry Logistics
Kerry Logistics is Asia’s premier logistics service provider with a strong focus on China. Based in Hong Kong, Kerry Logistics has offices in 23 countries with over 16,000 employees and a transportation fleet of 8,000 vehicles. Its core business encompasses integrated logistics, international freight forwarding and supply chain solutions. By owning and managing 3m sq.m. of logistics facilities, it provides customers with reliability and flexibility to support their future expansion and long-term growth. Kerry Logistics Network Limited is a wholly owned subsidiary of the Hong Kong-listed Kerry Properties Limited.