BDO has advised the shareholders on the sale of Core Management Logistics to Rhenus Logistics.
CML, located in Lutterworth, UK, provides tailored 3PL solutions, incorporating warehousing, fulfilment (including ecommerce), international freight forwarding, and value-added services to the fashion retail industry.
Boasting a number of blue chip clients, excellent market place reputation, and a prime location within the UK, the company was an attractive opportunity for Rhenus’ strategic expansion within Great Britain.
Moving forward, CML and Rhenus hold some great synergies and exciting opportunities, with specific focus on being able to offer their existing customer base additional European operations and transport capabilities.
We were very pleased with the entire BDO team throughout the process. Their international credentials were evident with the ability to identify an overseas buyer with a great cultural and strategic fit and then access their key decision makers.
By truly understanding the business and running a process which created competitive tension, we believe BDO delivered the maximum value for us as shareholders. The level of support and communication that we received throughout this process enabled us to concentrate on running the business and means we would have no hesitation recommending them as advisors.
Mark Webb, Managing Director