Imperial Logistics has agreed to sell its South American shipping business to logistics provider Hidrovias do Brasil.
Imperial Logistics said: “We are transforming from a portfolio of regional businesses to an integrated end-to-end logistics and market access business that is focused on Africa, leveraging our scale, competitive advantages and capabilities in the healthcare, consumer, chemicals, automotive, and industrial and commodities industries.
“As such, we thoroughly assessed the strategic fit of our Logistics International business and decided to exit this business in a phased approach as it is non-core.”
The sale of the company’s South American shipping business forms part of this process and follows the disposal of the European shipping business last year. The remaining freight management and contract logistics operations within the International Logistics business remain for sale.