Johannesburg, South Africa: Commercial Cold Holdings has bought Sequence Logistics in a deal that will “allow CCH to deliver on its mandate by securing attractive long-term partnerships with market-leading retailers. This is CCH’s second acquisition: in 2022 it acquired CCS Logistics from Oceana Group.
Commercial Cold Holdings has been appointed Paul Gibbons as chief executive. He has previpus experience cold storage supply chains and is the Global Cold Chain Alliance’s South Africa advisory council chair. “With both Sequence and CCS, we want to be the partner of choice in South Africa for both storage and load consolidation solutions. We will have a technology-led approach as part of the blueprint for the Group to achieve this,” said Gibbons said.
The acquisitions will see CCH operate storage across nine facilities with about 146 000 pallets in Johannesburg, Cape Town and Walvis Bay in Namibia. Sequence Logistics has three sites in Durban, Cape Town, and Johannesburg with 46,000 pallets of temperature-controlled storage and a fleet handling store deliveries for retailers and food suppliers.
“Load consolidation allows retail, wholesale, and foodservice partners to focus on service levels; maximising store space and optimising inventory levels, while ensuring on-time delivery of products as they are demanded by stores. For CCH, securing these strategic partnerships ensures greater predictability of cashflows and increased spend per customer,” Gibbons said.
