JF Hillebrand acquires US logistics company5th December, 2013 by Andy Young
The JF Hillebrand Group has announced the acquisition of the US-based Satellite Logistics Group, a supply-chain solution provider for the beverage industry.
Based in Houston, Texas, Satellite specialises in logistics and related services for the beer and beverage industry and has a customer base that includes many brewers throughout North America, Latin America and Europe.
Christophe Bernard, CEO of JF Hillebrand, said: “This promises to be a valuable partnership for both JF Hillebrand and Satellite Logistics Group.
“Not only do we have complementary service offerings, but we find both organisations are culturally aligned, with a joint focus on service quality.”
The acquisition forms a key part of JF Hillebrand’s strategic positioning as a global logistics provider to all sectors of the beverage trade.
Satellite’s president and CEO, Kevin Brady, added: “Partnering with JF Hillebrand provides an exciting opportunity for Satellite Logistics Group and our customers.
“JF Hillebrand is an industry leader that shares our dedication to providing innovative and efficient beverage supply chain solutions. While our day-to-day operations will continue as usual, JF Hillebrand’s beverage logistics expertise and global footprint will be valuable resources as we expand our business domestically and internationally.”
Satellite’s management team retains equity and will remain in place, along with current employees. The company will continue to operate as Satellite Logistics Group. Terms of the transaction were not disclosed.