Hellmann acquires remaining shares of Peruvian joint venture

posted on 17th August 2022 by Eddie Saunders
Hellmann acquires remaining shares of Peruvian joint venture

Hellmann Worldwide Logistics acquired all shares in the Peruvian joint venture Hellmann Worldwide Logistics S.A.C. Through the purchase of the remaining 50 percent of shares, which were held by Carlos Augusto Dammert (President of the Board), Hellmann became the sole shareholder.

The acquisition allows the company to be fully integrated into Hellmann’s global network, thus expanding the service portfolio for customers and generating further sustainable growth in Peru and the entire Americas region.

Hellmann has been actively present in Peru since 1992 and established the joint venture together with Carlos Augusto Dammert in 1998.

“Peru is an important and growing market in South America. Based on our robust operational performance and our strong presence in the region, Hellmann is well positioned to grow the business and to further expand our market position,” says Reiner Heiken, Chief Executive Officer, Hellmann Worldwide Logistics.

“The acquisition of future-oriented businesses is an integral part of our global growth strategy,” says Andreas Lamping, Chief Legal Officer and Head of M&A, Hellmann Worldwide Logistics.

“Going forward we will continue to look out for attractive targets which complement and strengthen our global Hellmann network.”

“I am very happy about the goals we have achieved in the last 30 years together with our team in Peru,” adds Carlos Augusto Dammert.

“Now it is time to fully integrate the company into the global Hellmann network to become an even stronger logistic partner for our esteemed customers in Peru and beyond.”