Expolanka Holdings says its latest acquisition of the Trans American Customhouse Brokers LLC and its related companies will help further consolidate its position in the key North American market.
Last week, Expolanka’s wholly owned subsidiary EFL Global LLC (EFL USA), announced the acquisition of 100% equity interest in Trans American Customhouse Brokers LLC and its related companies for a purchase consideration of $ 42.5 million on a cash-free, debt-free basis.
EFL Global LLC (EFL USA) is a leading global supply chain and logistics solutions company.
Established in 1984, Trans American Customhouse Brokers, Inc. has evolved into an industry innovator in Customs and global trade.
This acquisition marks the latest in a series of strategic moves for EFL Global, growing at the forefront of innovation in the supply chain and logistics sector for over 40 years, to further its commitment to excellence.
Commenting on the acquisition, Expolanka Holdings Group Director and CEO Hanif Yusoof said, “The acquisition will enable EFL Global to strengthen our brokerage operations, enhance service capabilities to our customers and further consolidate our position in our key North America market.”
“We are in the midst of exciting times at EFL Global as we look to consolidate our strengths today as a business. The acquisition is an important part of our strategy, as we continue to build infrastructure and capabilities within our business portfolio with the long term in mind,” added EFL Global Group CEO Senthilnathan Shanmugam. (NewsWire)
