Just Now, BLU, The Largest Forwarder in Latin America, Was Acquired By The European Giant.

Rhenus, a leading global logistics expert, is further expanding its existing business in the Latin American (LATAM) market through strategic initiatives aimed at enhancing the consolidation of its service teams to take advantage of the region's growing potential for global supply chain connectivity.

BLU is a leading LATAM freight forwarder with more than 180000 TEUs of seaborne shipments in Argentina, Colombia, Ecuador, Mexico, Paraguay, and Uruguay, as well as the Chinese mainland and Hong Kong.

In addition, Rhenus has acquired a 51 percent majority stake in the LBH group, which operates in more than 30 countries around the world, including six in the LATAM Latin American region, and has established additional alliances in several Central American countries.

With the acquisition of 51 percent of BLU Logistics and LBH, Rhenus Air & Ocean is one step closer to achieving its own target of 1 million TEUs a year by 2026.

The merger of the BLU and LBH teams will increase the Rhenus Group's LATAM Latin American workforce by 2200, strengthening Rhenus's contributions to the region by strengthening local capacity and contributing to global expansion.

These strategic actions are aimed at strengthening Rhenus's business in LATAM to accelerate further growth in global trade and to enhance its Asia-Latin American trade routes, nearshore capacity, and service choices in line with industry trends in procurement and supply chain diversification.

"Our strategic acquisitions enable us to further strengthen our global network and service portfolio in Latin America, and we see increasing demand for logistics services in the region, particularly in the e-commerce industry," Rhenus said in the announcement.

"The strong environment of nearshore outsourcing fits perfectly with our growth strategy.Together with BLU and LBH, we ensure a more robust global supply chain by building a strong presence in key markets, creating a unique position with family business value for our customers and employees. "

About Rhenus

Rhenus is one of the leading logistics experts, founded in 1912, with a history of more than 110 years, global operations, and an annual turnover of 8.6 billion euros.

Rhenus has 39,000 employees and works in 1120 business locations to develop innovative solutions along the entire supply chain.

Whether it is to provide transport, warehousing, customs clearance services, or value-added services, family businesses focus their business on various business departments, and customer demand is always the main concern.

About BLU Logistics

BLU Logistics, a leading logistics and transportation company with operations in Latin America and Asia, was founded in Colombia in 1995 and has rapidly grown into one of the largest transportation companies in Latin America.

The Bogota, Colombia-based professional sea and air cargo transport, warehousing, customs and logistics service company also has branches in Argentina, Uruguay, Paraguay, Ecuador, Mexico, Hong Kong and China.

The company is the largest shipping agency in Colombia, importing more than 180000 TEUs of goods.

About LBH

Founded in Rotterdam in 1984, its business expanded to transport different commodities, opened branches in 24 countries and established alliances in seven other countries, with a focus on Australia and Africa.

The agency has offices in 12 countries, including Argentina, Brazil, Chile and Panama, and its branches have been merged into the LBH Group brand since 2008.