Latest news from Heavy Lift & Project Forwarding International Magazine

American Commercial Lines goes Platinum

December 16 - Further to our report on November 30, shareholders have approved the acquisition of American Commercial Lines (ACL) by an affiliate of Platinum Equity by an 80 percent margin.

Subject to the satisfaction or waiver of certain conditions set forth in the merger agreement and discussed in the Definitive Proxy Statement on Schedule 14A filed by ACL with the Securities and Exchange Commission on November 15, 2010, ACL expects the merger contemplated by the merger agreement to close and ACL's common stock to cease to trade on NASDAQ by the end of December 2010.

American Commercial Lines is headquartered in Jeffersonville, Indiana, and is an integrated marine transportation and service company operating in the United States Jones Act trades, with approximately USD850 million in revenues and approximately 2,570 employees as of December 31, 2009.

Platinum Equity is a global M&A&O(R) firm specialising in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution.

Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than USD27.5 billion in aggregate annual revenue at the time of acquisition.

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
Views: 292
Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 263
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 218

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.