Cochrane Group to ac­quire Scholz Trans­port

Australian Transport News - - Contents -

STS busi­ness will op­er­ate in­de­pen­dently un­der the Cochrane ban­ner

ex­press freight and lo­gis­tics com­pany Peter Cochrane Trans­port has signed a for­mal agree­ment to take over the shares and as­sets of Scholz Trans­port Ser­vices (STS).

The STS busi­ness will con­tinue to op­er­ate in­de­pen­dently un­der the Cochrane Group once the deal takes ef­fect on Novem­ber 1.

Founder Dave Scholz and his son, Ed­die Scholz, who is also the co-founder, will re­port to Cochrane’s CEO Bruce Hampson.

“The ac­qui­si­tion of the STS com­pa­nies and the ex­cel­lent rep­u­ta­tion they have built in the mar­ket is key to grow­ing our po­si­tion as the lead­ing provider of trans­port so­lu­tions to re­gional South Aus­tralia,” Hampson says.

“Cochrane’s will of­fer a wider range of ser­vices to STS cus­tomers while main­tain­ing the high stan­dards they have come to ex­pect from Scholz.”

With ex­ten­sive op­er­a­tions through­out the Iron Tri­an­gle, Eyre Penin­sula, and Upper North of South Aus­tralia, STS is uniquely placed to benefi t from var­i­ous re­gional projects, Cochrane Group states.

The re­gional re­vival un­der­way in­cludes the suc­cess­ful sale of Ar­rium to GFC Al­liance in Whyalla, Nyrstar’s re­de­vel­op­ment of the smelter in Port Pirie, the Bun­gala So­lar En­ergy farm out­side of Port Au­gusta, and other sig­nifi cant re­gional projects cur­rently in the pipe­line.

“When we fi rst dis­cussed this op­por­tu­nity with Dave and Ed­die Scholz, we quickly saw that they shared our pas­sion for be­ing a pri­vate and in­de­pen­dent high- qual­ity ser­vice provider fo­cused on the needs of re­gional South Aus­tralia,” Cochrane Trans­port chair­man and owner Peter Cochrane says.

“They should be proud of the busi­ness they have built, and we look for­ward to them play­ing a vi­tal role in its fur­ther growth and de­vel­op­ment within the Cochrane’s Group.”

The en­tire cur­rent staff of STS has been re­tained and the com­pany ex­pects its “loyal cus­tomers and sup­pli­ers will em­brace this new de­vel­op­ment and the op­por­tu­ni­ties it cre­ates”.

Ed­die Scholz, Dave Scholz and Peter Cochrane

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