Barloworld acquires Aspen

Barloworld Transport has acquired 51% of refrigerated transport company Aspen Logistic Services. The controlling share was obtained in a successful deal between Barloworld Transport chief executive Neil Henderson and Aspen Logistic Services managing director Sujen Padayatchi.

“We are excited to have finalised this deal with Aspen,” says Henderson. “We have great respect for their business, which has been built from the ground up, becoming one of the most respected operators in the refrigerated transport industry.”

Aspen was established in December 2000 and services a large number of customers across a wide range of manufacturers and retailers, including Famous Brands, which voted Aspen its Supplier of the Year for 2015.

It has long served the industry as a specialist service provider to the fast moving consumer goods market, transporting temperature controlled and ambient products for clients that supply products primarily to the major retailers.

“Incorporating Aspen Logistic Services into our stable means we are able to broaden our specialised offerings of smart, reputable and reliable transport solutions to our customers throughout southern Africa,” says Henderson.

Apart from the obvious commercial benefits, both Henderson and Padayatchi note that the shared values and relationship-based business style of both companies have been critical in forming a solid foundation for this agreement.

Padayatchi says, “The Barloworld Transport partnership made sense on many levels, but primarily because there is a strong culture fit and customer-centric approach. We are partnership-driven and make sure we work as partners with our clients. Barloworld Transport also has some of the most advanced fleet management systems and technology on the roads that will surely strengthen our business.

“We believe this is going to be a powerful partnership that works from a business perspective and, most importantly, works for our customers.”

The deal came into effect in January 2016 and will see both companies able to enhance their offering and deliver smart transport solutions across a range of industries.