Reykjavik-based shipping company Eimskip has expanded reefer services as it acquired 90% of the Dutch forwarding company Extraco Internationale Expeditie B.V., located near the port of Rotterdam.
Founded in 1991, Extraco ships chilled and frozen commodities in the Netherlands, and provides import handling, warehousing, custom brokerage and distribution of bulk, chilled and frozen commodities in Europe. The company’s annual turnover amounts to around EUR 19 million (USD 20.8 million).
The company will move into Eimskip’s office in Rotterdam and form a reefer logistics center with the other Eimskip identities, including European Transport Services (E.T.S.), Eimskip Reefer Logistics and Jac. Meisner.
“We welcome Extraco and all of its customers into the Eimskip group and know that the synergies, increased diversification and the valuable experience of Extraco’s employees will help us to further strengthen our forwarding operation in the Netherlands,” Gylfi Sigfússon, President and CEO of Eimskip, said.