Standard Bank Advises Barloworld On The Disposal Of Their Logistics Businesses

Standard Bank Advises Barloworld On The Disposal Of Their Logistics Businesses. Standard Bank is proud to announce that it has partnered with leading global industrial company Barloworld to advise on the disposal of their logistics businesses, which will enable Barloworld to implement their strategy of driving sustainable value creation through their core strengths and to pursue growth opportunities.

The bank acted as joint financial advisor and transaction sponsor and worked with Barloworld on the disposal of: its warehousing and supply chain business, Barloworld Logistics, to Nebula; parts of its transport business and certain dedicated contracts to Bakers Transport; and Aspen Logistics to its founders.

The sale of Barloworld’s logistics businesses comprised four separate transactions. Barloworld Logistics is a market-leading supply chain business, specialising in designing, implementing, managing and operating warehousing and distribution solutions tailored to deliver bottom-line benefits. Barloworld Logistics provides a dedicated and contracted solution, offering a full range of logistics services through long-term partnerships with blue-chip customers across various sectors.

Barloworld Transport consists of a number of businesses, which include the following: Barloworld Specialised Transport, which includes Timber 24 Forestry Solutions, which offers specialised timber trucks that provide short haul, loading, transport and unloading services; Manline Energy, which transports bulk and break-bulk hazardous and non-hazardous cargo within South Africa and cross border; and Manline Freight, which provides smart, customised transport solutions around specific business needs for the mining, fast-moving consumer goods, manufacturing and agricultural industries.

By Thomas Chiothamisi