Communiqué d'Exel : EXEL ACQUIRES BODENOR AND BUILDS UPON EXISTING PRESENCE IN CHILE
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(London, UK – 11 October, 2004) Exel, the global leader in supply chain management, today announced its acquisition of the logistics business of Bodenor S.A. of Santiago (Bodenor), one of Chile’s top domestic third-party logistics services providers.
Whilst financially this is a small acquisition (net assets acquired are less than US$1 million), strategically it enables Exel to expand relationships with key customers and further develop its business in the South Cone region (Brazil, Argentina and Chile). Additionally, Exel secures a platform for competitively priced shared-user warehousing and transportation solutions in Chile.
Bodenor provides dedicated and shared-user warehousing services from two facilities in metropolitan Santiago to more than 40 customers. Since 2002, Exel has operated a warehouse and freestanding aerosol storage facility in Santiago on behalf of SC Johnson.
John Allan, Chief Executive, Exel, said, “As a smaller market, Chile often represents a logistics challenge because few companies have the sales volume needed to support a dedicated solution. Therefore, they seek shared-user solutions that can create the economies of scale required to achieve a competitive logistics solution. Now, international companies can concentrate their business with a single partner capable of managing their respective supply chains across Latin America.”
Exel’s South Cone customers, especially in the consumer and healthcare sectors, increasingly require a regional solution merging global strength with local market knowledge.
“This strategic move complements our existing distribution network by building upon the infrastructure of regional distribution centers and merge-docks Exel has implemented in Brazil,” said Humberto Florez, Exel’s Senior Vice President, Contract Logistics, Latin America. “Also, Bodenor’s presence in Chile enables Exel to provide valuable transportation management services in the country by allowing freight consolidation from the same facility to common customer destinations.”
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For more information, please contact:
Exel plc
Duncan Magrath
Director of Investor Relations and Financial Strategy
+44 7802 636283
?Rebecca Salt
Director of Marketing and Communications
+44 7774 679739
?The Maitland Consultancy
Lydia Pretzlik/Brian Hudspith
+44 20 7379 5151
?Exel Press Office
Sarah Jones
+44 1908 244306
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Notes to Editors – about Exel
Exel is the global leader in supply chain management, providing customer-focused solutions to a wide range of manufacturing, retail and consumer industries. Exel’s comprehensive range of innovative logistics solutions encompasses the entire supply chain from design and consulting through freight forwarding, warehousing and distribution services to integrated information management and e-commerce support.
Exel, a UK listed, FTSE 100 company, with turnover of £6.7 billion (US$10.9 billion/ €9.7 billion), employs over 109,000 people in 2,050 locations in more than 120 countries worldwide. Exel’s customers include over 70% of the world’s largest, quoted non-financial companies. More information is available at www.exel.com.
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______________________________________________________________________________________________
(London, UK – 11 October, 2004) Exel, the global leader in supply chain management, today announced its acquisition of the logistics business of Bodenor S.A. of Santiago (Bodenor), one of Chile’s top domestic third-party logistics services providers.
Whilst financially this is a small acquisition (net assets acquired are less than US$1 million), strategically it enables Exel to expand relationships with key customers and further develop its business in the South Cone region (Brazil, Argentina and Chile). Additionally, Exel secures a platform for competitively priced shared-user warehousing and transportation solutions in Chile.
Bodenor provides dedicated and shared-user warehousing services from two facilities in metropolitan Santiago to more than 40 customers. Since 2002, Exel has operated a warehouse and freestanding aerosol storage facility in Santiago on behalf of SC Johnson.
John Allan, Chief Executive, Exel, said, “As a smaller market, Chile often represents a logistics challenge because few companies have the sales volume needed to support a dedicated solution. Therefore, they seek shared-user solutions that can create the economies of scale required to achieve a competitive logistics solution. Now, international companies can concentrate their business with a single partner capable of managing their respective supply chains across Latin America.”
Exel’s South Cone customers, especially in the consumer and healthcare sectors, increasingly require a regional solution merging global strength with local market knowledge.
“This strategic move complements our existing distribution network by building upon the infrastructure of regional distribution centers and merge-docks Exel has implemented in Brazil,” said Humberto Florez, Exel’s Senior Vice President, Contract Logistics, Latin America. “Also, Bodenor’s presence in Chile enables Exel to provide valuable transportation management services in the country by allowing freight consolidation from the same facility to common customer destinations.”
-ends-
For more information, please contact:
Exel plc
Duncan Magrath
Director of Investor Relations and Financial Strategy
+44 7802 636283
?Rebecca Salt
Director of Marketing and Communications
+44 7774 679739
?The Maitland Consultancy
Lydia Pretzlik/Brian Hudspith
+44 20 7379 5151
?Exel Press Office
Sarah Jones
+44 1908 244306
___________________
Notes to Editors – about Exel
Exel is the global leader in supply chain management, providing customer-focused solutions to a wide range of manufacturing, retail and consumer industries. Exel’s comprehensive range of innovative logistics solutions encompasses the entire supply chain from design and consulting through freight forwarding, warehousing and distribution services to integrated information management and e-commerce support.
Exel, a UK listed, FTSE 100 company, with turnover of £6.7 billion (US$10.9 billion/ €9.7 billion), employs over 109,000 people in 2,050 locations in more than 120 countries worldwide. Exel’s customers include over 70% of the world’s largest, quoted non-financial companies. More information is available at www.exel.com.
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