Wim Bosman and Mainfreight are pleased to announce that they have entered into a sale and purchase agreement.
This year Wim Bosman will reach the age of 70 years and he has no successors. That is why Wim Bosman has spent the last few years carefully searching for a party which can guarantee continuity, for employees as well as for customers: with the same attitude, with respect for the same core value and with a healthy and realistic vision for the future. This party has been found in the New Zealand based Mainfreight.
The acquisition is a strong strategic fit for both Mainfreight and Wim Bosman, and will provide an excellent platform for both companies to expand the business and service offering globally. This development will provide increasing services and opportunities to existing and future customers.
The activities will continue under the current company name Wim Bosman and will not have any consequences for the employees. Mainfreight is a stock exchange registered business. A special meeting of Mainfreight shareholders is scheduled to be held on 24 March 2011. The structure and culture of the Wim Bosman Group is very similar to that of Mainfreight.
Mr. Eng. W.P. Bosman will step down as CEO and will join the Supervisory board. As part of the ownership changes, Mark Newman will become CEO of Wim Bosman Group effective 1 April 2011. Mr. Bosman will be helping Mark Newman transition into this role. Mark Newman has been with Mainfreight for over 20 years, lately with the responsibilities of managing and leading the New Zealand domestic transport operations.
The agreement is excluding real estate, which will remain under control of Mr. and Mrs. Bosman.
Key benefits for the agreement:
Establishment of a significant footprint for Mainfreight within Europe with a well established, quality business, producing sound profits
Expansion of worldwide Logistic Services for customers of the Wim Bosman Group
The Wim Bosman Group provides opportunities to further expand Mainfreight's international global network enhancing European capability for its customers
The Wim Bosman Group has experience and expertise in supply chain logistics which will enhance the development of the Mainfreight Group's equivalent business
Long-term strategy is guaranteed for both companies
The structure and culture of the Wim Bosman Group is very similar to that of Mainfreight with an emphasis on customers, teamwork and quality.
Mainfreight Limited is a worldwide Supply Chain Logistics provider with 166 locations in New Zealand, Australia , Asia and the USA. The company was founded in 1978 by Bruce Plested, Executive Chairman, and has developed into the leading supply chain logistics provider in New Zealand and Australia. Mainfreight also has a strong presence in China and the USA with own locations, and the intention is to further expand our presence in all parts of the world, so therefore now also in Europe. For more information, please visit: www.mainfreight.com