Delmar Acquires Cobrac Brazil in Latin America
news | Feb 15, 2018
Delmar International Inc. Expands its Global Footprint by Acquiring Cobrac Brazil in Latin America
MONTREAL, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Delmar International Inc. (www.delmar.ca), a Canadian owned global logistics leader, announces the purchase of a majority stake in Cobrac Brazil.
This acquisition strengthens the company's South American presence under the newly branded Delmar International Logistica S.A, headquartered in São Paulo and servicing all of Brazil.
Delmar’s continuous strategy for rigorous expansion is aimed at strengthening the company’s global footprint and product portfolio to accommodate its customers' growing need for global end-to-end solution with a heavy focus on e-commerce.
We are extremely pleased to expand our footprint in the world’s most populous South American country,” stated Robert H Cutler, CEO of the Delmar Group. “Cobrac has a robust track record in the region and our newest Managing Director and Partner, Mr. Wagner Brito, will be a great addition to the Delmar family."
Mr. Brito, who started the Brazilian company in 1978, will stay on with Delmar International Logistica S.A. as Managing Director. Over the last four decades, Mr. Brito established a reputation for excellence and built a robust client base with a pedigree in 3PL and global supply chain management.
When asked about the merger, Mr. Brito stated:
I was searching for strong new partners and to me Delmar was truly unique - these guys look at everything from every angle and heavily embrace and invest in technology. Delmar cultivates young dynamic talent more quickly than any other logistics company I have ever seen and their global network will undoubtedly facilitate our growth quickly and safely, allowing us to expand many of our commercial agreements throughout South & Central America. I am very excited for myself, my son Vitor and the entire Cobrac team to be joining the Delmar family.”
Paul Cutler, Executive Vice-President of the Delmar Group expanded on the strategic decision:
Just three years ago the Delmar Group opened a new joint venture (JV) in Mexico City and today we are Mexico’s largest freight forwarder in sea exports - with more charters and containers shipped than our largest competitors. Our goal is to have a similar impact in Brazil and to continue our expansion into other Latin American countries using the same successful and strategic model.”
It is a very interesting time for Delmar,” added Chief Operating Officer Michael Wagen. "We continue to grow geographically and vertically. Most recently in asset-light based verticals and by investing in third party technologies with strategic synergy. Our industry is ever changing - one of our strengths is our ability to identify market disruptors proactively and to engage and embrace them using Delmar creativity and innovation."
About Delmar International Inc.
Established in 1965 in Montreal, Quebec, Canada, Delmar International Inc. (www.delmarcargo.com) has evolved into a global player and industry leader, offering customs brokerage, freight forwarding warehousing, distribution, and supply chain management solutions to thousands of clients worldwide. Delmar has strategically positioned facilities at almost every major gateway in North America and its diverse client base features some of the most well-known brands and companies in business today. Diversification of its service offerings and vigorous expansion, including many acquisitions, has led to significant growth for the Delmar Group in recent years. Today, they operate 16 companies globally and employ roughly 1,500 people in 50 cities. Delmar International Inc.'s corporate headquarters are located in Lachine, Quebec, Canada.
Delmar International Inc.