Uy’s Chelsea buys an­other lo­gis­tics firm

Business World - - CORPORATE NEWS - Pa­trizia Paola C. Marcelo

CHELSEA LO­GIS­TICS Hold­ings Corp. (CLC) has ac­quired do­mes­tic lo­gis­tics firm Worklink Ser­vices, Inc. (WSI), as part of its con­tin­u­ing ex­pan­sion.

In a state­ment, the firm led by Davao-based busi­ness­man Dennis A. Uy said it ac­quired 100% of the is­sued and out­stand­ing shares of WSI on Nov. 8.

Es­tab­lished in 1994, WSI is a pri­vate com­pany that pro­vides courier, for­ward­ing, truck­ing, and lo­gis­tics ser­vices in the Philip­pines.

“WSI will aug­ment our lo­gis­tics and man­power busi­nesses as well as cre­ate ad­di­tional syn­ergy within the group,” CLC Pres­i­dent and CEO Chryss Al­fon­sus V. Da­muy said in a state­ment.

In a sep­a­rate state­ment, CLC said it fi­nal­ized the ac­qui­si­tion of do­mes­tic ship­ping firm Star­lite Fer­ries, Inc. and its sub­sidiaries. This after it re­ceived clear­ance from the Philip­pine Com­pe­ti­tion Com­mis­sion (PCC) that its buy­out of Star­lite will “not lead to a sub­stan­tial less­en­ing of com­pe­ti­tion in its rel­e­vant mar­ket.” —

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