Johannesburg - Logistics and supply chain management company Imperial Logistics has acquired 60% of 777 Logistics, the bulk petrochemical transporter responsible for the transportation of Sasol Oil fuel and Sasol Chemical products.
The acquisition strengthens 777 Logistics' position in the
market and further extends Imperial Logistics' expertise in managing health,
safety, environment and quality requirements, the company said.
With 777 Logistics' average delivery of up to 550 loads
monthly through its fleet of 35, its safety track record was an important
consideration, the company said.
"Throughout its eight years in business, 777 Logistics
has consistently achieved 95% plus for SQAS audits and 100% within its service
level agreements," said Nico van der Westhuizen, outgoing CEO of Imperial
Logistics Specialised Freight.
"Not only is the company a respected, long-term
logistics service provider to Sasol, but its 80-strong team is quick-thinking
and consistently maintains high service levels. They undoubtedly fit the
group's 'fast moving, forward thinking' approach," Van der Westhuizen said.
Its Durban-based operations give the company a strategic
advantage within petro-chemical transportation.
"We currently manage 70% of the solvent market from
Secunda to Durban and 80% of the imported unleaded petrol (ULP) market. We have
also recently been awarded the ULP contract from Island View to Alrode and a
three-year dedicated contract to transport BA from Sasolburg," said 777 Logistics MD Andre du Plessis.
The company will operate within the Imperial Logistics specialised freight division, which provides dedicated, specialised transport
services to tanker industries throughout SA.