Yusen Logistics (Europe) BV announced that their Romanian subsidiary, Tibbett Logistics, will now continue its activities under the trading name Yusen Logistics (Romania) SRL.
Towards the end of 2017, Yusen Logistics (Europe) BV reached an agreement to acquire Tibbett Logistics SRL, which at that time was a wholly owned subsidiary of the UK-based Keswick Enterprises Group. The name change to Yusen is the next logical development after the acquisition, and the new name will be effective as of June 2018.
On June 15th, an opening ceremony was held in Romania to celebrate the name change and official opening of Yusen Logistics (Romania). The re-branding of the new name to the company properties and assets will gradually be completed in due course.
Yusen Logistics (Romania) operates within the contract logistics, warehousing, transport and intermodal sectors. Employing 1,400 people across 14 strategic locations nationwide, and with its country headquarters based in Bucharest, the company operates over 130,000 sq.m of warehousing.
Additionally, Yusen Logistics (Romania) manages the Bucharest international rail freight container terminal (BIRFT). From these strategic locations with extensive road and rail accessibility, Yusen Logistics (Romania) provides customers with logistics solutions that cover not only the whole of Romania, but also the neighbouring countries in South East Europe.
Yusen Logistics (Romania) is currently offering services in multiple market sectors, and has a particularly strong position within the retail and automotive industries.
By spreading their brand into Romania, Yusen Logistics will strengthen its strategic position in Eastern Europe and network worldwide.
David Goldsborough, Managing Director of Yusen Logistics (Romania), commented: “As Tibbett Logistics, we were able to build a strong position in the market in Romania. Now as Yusen Logistics (Romania), we will be able to expand upon this to offer a full range of integrated international supply chain solutions, incorporating Yusen Logistics’ ocean, air and land based services.”