Denmark’s Lauritzen Bulkers, founded nearly 140 years ago, has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake, based in Burlington, Ontario. Transaction details were not disclosed.
Lauritzen Bulkers operates a fleet of between 90 and 110 geared handysize and ultramax vessels. For more than 30 years, Alexander & Blake has been active in the breakbulk and parcel service trades in the North and South American markets.
“The discussions we have in the past months with the Alexander & Blake team have confirmed to us their excellent competencies and how they will add value to Lauritzen Bulkers’ global shipping services from day one,“ said Rasmus Francis Jensen, vice president of chartering and Lauritzen Bulkers Parcel Service.
David Linden, founder and CEO of Alexander & Blake evoked a very good fit between the Alexander & Blake values and the corporate culture, commercial mindset, and customer focus of Lauritzen Bulkers. The company will continue as Alexander & Blake – by Lauritzen Bulkers with Lauritzen Bulkers continuing the breakbulk and parcel service offering under the future brand name Lauritzen Bulkers Parcel Service.
(Photo from Lauritzen Bulkers)