Copenhagen-headquartered Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake.
Lauritzen Bulkers, which manages a fleet of 90-110 geared handysize and ultramax vessels, is taking over the shipping company for an undisclosed sum.
This acquisition adds valuable competencies and strong client relations to the Lauritzen Bulkers chartering and freight offerings, the company said.
Under the future brand name Lauritzen Bulkers Parcel Service, Lauritzen Bulkers will continue Alexander & Blake’s breakbulk and parcel service offering.
Alexander & Blake, a Canadian-owned and operated shipping company, has its main activities in the breakbulk and parcel service segments, with clients and core trades in the North and South American markets.
“Following a thorough due diligence process, we are glad to announce the acquisition of Alexander & Blake, a Canadian parcel service operator,” said Jacob Winthereik, interim CEO and CFO of Lauritzen Bulkers.
“The discussions we have in the past months with the Alexander & Blake team have confirmed to us their excellent competencies and how they will add value to Lauritzen Bulkers’ global shipping services from day one,” added Rasmus Francis Jensen, vice president, chartering and Lauritzen Bulkers Parcel Service.
Alexander & Blake’s current employees, operation, and customer contracts will continue under the brand name Alexander & Blake – by Lauritzen Bulkers.
