The board of Silk Logistics has decided to consider offers for the whole or parts of Silk and appointed Canterbury Partners to assist in the sale. According to sources there are more that one interested buyers already, and so the company expects the sale to be finalised during late 2013.
Silk Logistics Group is majority owned by Gresham Private Equity, which is majority owned by Wesfarmers.
The Silk Logistics Group was formed by the amalgamation of four transport and warehousing companies: Bunker Freight Lines, Kagan Logistics, WA Freight Group, and Hoffmann Transport.
The Silk Logistics Group has 1,100 employees, 600 trailers, and warehouses in each state, covering over 250,000m2 of warehousing space. (357)
Source:
http://www.tandlnews.com.au/2013/05/09/article/private-equity-owners-put-silk-logistics-on-the-market/
