Business, Freight News

FS Mackenzie sold to Singapore Post

[ August 20, 2014   //   Chris ]

UK-based forwarder and NVOCC FS Mackenzie has been sold to Singapore Post freight subsidiary Famous Holdings. The Singapore company has purchased the entire issued and paid-up share capital.
Originally established in 1951, FS Mackenzie focuses on sea, air and road freight forwarding, together with customs clearance. Headquartered in Basildon, east of London, it has four other operational centres across the UK.
Singapore Post says that the acquisition will give it an entry point to the West European freight market and help customers with integrated e-commerce logistics solutions to complement its existing postal and parcel networks.
Alfred Stienen, who will remain group chairman of FS Mackenzie. He says that the sale will allow the UK company to broaden its freight network through the support of a financially strong parent company, pointing out: “We have worked in partnership with Famous Holdings, which was acquired by Singapore Post in 2013, for over 20 years and this represents a great opportunity to build on that relationship.
“Singapore Post is keen to develop its profile in the international logistics arena and sees FS Mackenzie as a solid platform on which to build that development in Europe.”

Tags: Famous Holdings, FS Mackenzie