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Maltacourt acquires international carrier, Mili-Cargo Kft.

Operating from its transport depot in Székesfehérvár, close to Maltacourt’s Forwarders Plaza complex on the outskirts of Budapest, Mili-Cargo specialise in the international distribution of chilled and ambient loads. Running one of the youngest fleets in the industry Mili-Cargo is able to satisfy the ever-increasing environmental demands of multinational companies, such as it’s clients Unilever, FeVita and FrieslandCampina.

Boasting a fleet of 50 trucks, revenues in excess of €6 million euros and a team vastly experienced in international supply chain, Mili-Cargo will add significantly to the growing capabilities of Maltacourt both in Hungary and across the EU.

István Madarász founded the business and continues as Managing Director, bringing with him over 25 years of freight and transport management expertise to Maltacourt. "This acquisition adds tremendous capability to our business, buoyed by the services we can already offer following the acquisition of Prime Logistics last year. Our portfolio of services is continuing to grow as we strengthen the Maltacourt brand in Europe. Having worked with István in the past, I’m particularly pleased to have him on our team” said Paul Szeman, Managing Director of Maltacourt Hungary.

István remarked, "We are delighted to be working with Maltacourt, we’ve seen them grow and to now be a part of that is really exciting. I look forward to combining our strengths and capabilities to bring significant value to our existing and new customers”

Maltacourt has been driving growth within it’s Hungarian business over the past 12 months extending it’s capabilities beyond freight forwarding into specialist road distribution with Lorriers Kft, a specialist carrier of pharmaceuticals and medical gases that it acquired in September 2014, the distribution of perishables with the acquisition of Prime Logistics and this latest transaction giving the business a fleet of over 100 vehicles.

Annual revenues have grown from €5.9 million in 2014 to a run rate of €17.5 million giving growth of 196%.

The acquisition of Mili-Cargo, combined with the existing resources brought about by the Lorriers and Prime deals has brought a substantial increase to the scope of services and capabilities now available to Maltacourt Hungary Kft, both through the CEE region and the rest of Europe.

“We are delighted to be announcing the completion of this acquisition” remarked Maltacourt Chief Executive, Matt Beech. "We have been strategically expanding our service offering, deepening our capabilities and growing the business assets. We set out just over a year ago with a plan to significantly grow our Hungarian business and I’m thrilled with the success so far. We’re an ambitious business and we hope to share further exciting news in the coming months”.

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