Nagel Group and Transthermos merger gets OK
Versmold, Germany: The merger between Nagel Group and frozen food logistics company MUK Transthermos has gained German financial regulatory approval.
The MUK Transthermos Group, one of the major German providers of frozen food logistics, operates in 22 locations in Germany with a total capacity of 347,000 pallet storage spaces. Every year, more than 2.2m pallets are shock-frosted, labelled, repackaged, and processed. Around 3.6m pallets are also transported.
“We are pleased that the German Federal Cartel Office has approved our collaboration with MUK-Transthermos”, said Tobias Nagel, shareholder of the Nagel Group.
“Frozen food is the segment with the highest growth rate in food logistics. We want to continue to grow in this segment and to this effect we want to operate a particularly dense food logistics network in Germany in the future through which we can also optimally offer our multi-temperature logistics.”
Posted on August 30, 2016
by Edwin Kalischnig