Takeover to ex­pand lead­ing port lo­gis­tics op­er­a­tion

Townsville Bulletin - - NEWS - TONY RAGGATT

SOUTH Aus­tralian port op­er­a­tor Flin­ders Port Hold­ings’ sub­sidiary, Flin­ders Lo­gis­tics, has ac­quired steve­dore and lo­gis­tics busi­ness Townsville Bulk Stor­age and Han­dling.

Flin­ders Port Hold­ings an­nounced the 100 per cent buy­out this week, re­tain­ing all staff and for­mer own­ers Peta Con­nelly and De­wayne Can- non to man­age the op­er­a­tion.

Flin­ders Port Hold­ings CEO Vin­cent Tre­maine said they were in­ter­ested in ex­pand­ing their op­er­a­tions around the coun­try and saw TBSH as a great fit.

“We’ve had a re­la­tion­ship with TBSH through some shar­ing of tech­nol­ogy. We were very im­pressed with what TBSH does and how they go about it,” Mr Tre­maine said.

“They are a lot like us in how they go about busi­ness.”

Mr Tre­maine said the cul­tural align­ment would help their ex­pan­sion, while Flin­ders Port Hold­ings could pro­vide the cap­i­tal strength to help TBSH grow.

“We are an or­gan­i­sa­tion that has ac­cess to cap­i­tal,” he said. “It’s a com­bined ef­fort to make the busi­ness big­ger and bet­ter.”

Flin­ders Ports owns and op­er­ates seven ports in South Aus­tralia and the 350,000 con­tainer- a- year ter­mi­nal at Ade­laide.

Townsville Bulk Stor­age and Han­dling was formed in 2009 as a stor­age fa­cil­ity for bagged fer­tiliser.

The com­pany has es­tab­lished it­self as a lead­ing ser­vice provider, of­fer­ing a com­plete sup­ply chain so­lu­tion.

It de­vel­oped 30,000sq m of stor­age space on port land in South Townsville, in­clud­ing four ware­houses, pro­vid­ing 12,000sq m un­der cover, a new two- level 300sq m of­fice build­ing, a cov­ered quar­an­tine- ap­proved wash bay and work­shops.

In 2014 they ac­quired a $ 4.5 mil­lion Ger­man- made Leib­herr mo­bile har­bour crane to boost ca­pac­ity.

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