December 24 - Allport, one of the UK's largest freight forwarding and logistics companies, is merging with CS Logistics Holdings Limited, the parent company of Cargo Services Far East Limited, and based in Hong Kong and China.
The two companies have been working together for 20 years having established the Far East Cargo Line NVOCC network, set up joint ventures in countries such as South Africa, Singapore, Thailand and Korea, and providing services to clients in Australia/New Zealand, South America, North America, the Middle East and UK regions.
Allport was founded 50 years ago by Will Toye and John Clayton, who are both retaining a minority stake in the new venture. CS Logistics Holdings Limited, which was founded in 1990 by John Lau, with Allport taking a shareholding from its inception, now has 28 offices in Hong Kong and mainland China with over 4,200 staff.
"We greatly value the strong partnership we have built with John Lau and his team and believe this is the best way to continue growing the company and the business we have developed together," said Will Toye. "We share the same values, business ethos and vision for the future so it is very much a natural progression to merge the two companies."
The restructured business which will continue to operate under the two existing names, manages over 700,000 sea container movements annually around the globe as well as operating significant air freight services and pre-retail origin logistics.
John Lau said: "I am very excited by the new opportunities and challenges that this merger will bring. We have always worked closely together and now, with more than 5,500 personnel in 70+ worldwide locations, we have the combined strengths to accelerate our growth on a global scale."
The Allport senior management team has taken this opportunity to implement its succession planning, with current Group Managing Director and deputy Group Managing Director - Derek Davis and Danny Toye - moving to non-executive roles, giving way to long-standing colleagues Chris Cargill and Jerry Gray.
Allport's two original founders, together with the new group managing director, Chris Cargill and deputy group managing director, Jerry Gray, will retain a 10take in the company. In addition, following significant interest from the Hong Kong financial sector, HSBC has become a strategic financial partner of the group.