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Reinforces market leadership for packed chemical supply chains
Broekman Logistics has acquired VLS-Group’s warehousing activities in Belgium and The Netherlands. With this purchase, Broekman Logistics further reinforces its market leadership in the warehousing, distribution and value-added logistics of packed and specialty chemicals in the BeNeLux.
This acquisition, the largest in the Company’s history, marks a major milestone for Broekman Logistics. By adding 150,000 m2 of storage space, the Company’s covered warehouse portfolio increases by over 40.0% and IT brings 230 colleagues to the Company.
The VLS-Group is a leading European provider of integrated logistics and value-adding services for the chemical industry. It is a subsidiary of the Israeli based Gadot Chemical Group, Israel’s leading chemical distribution organisation. All warehousing facilities in Belgium and The Netherlands will be taken over by the Broekman Logistics group. All assets in tank storage in the Port of Ghent and its German activities are excluded from the deal. Both companies decided not to disclose any financial figures involved in the transaction.
For the VLS-Group, the divestment of its Belgian and Dutch warehousing activities to Broekman Logistics allows it to focus on core activities
There is a strong strategic fit between the two companies, as the client-base, locations of the specialised warehousing facilities and the type of VAL-activities complement each other. This acquisition brings additional value-added logistics activities to Broekman, such as filling, drumming and bagging.
The five locations in Antwerp and the location in Rotterdam-Pernis shall operate under the Broekman Logistics brand and be fully integrated into Warehousing & Distribution division. As of today the Company operates circa 445,000 m2 covered warehousing facilities and employs over a thousand colleagues in 43 different locations, worldwide. The Company now operates state-of-the-art warehouses in all the major logistics hubs and gateways into Europe, the Port of Rotterdam, the Port of Antwerp and the Limburg area.