MAC Holdings acquires 50% equity of Finlays Linehaul Express | Daily News

MAC Holdings acquires 50% equity of Finlays Linehaul Express

Chairman, LENTON GROUP, Morty Langslow with Andre Fernando, Chairman / Managing Director of MAC, Andre Fernando
Chairman, LENTON GROUP, Morty Langslow with Andre Fernando, Chairman / Managing Director of MAC, Andre Fernando

MAC Holdings (Pvt) Ltd, a diversified group of companies, a market leader in global logistics, announced it acquired a 50% equity stake in Finlays Linehaul Express (Pvt) Ltd from Finlay’s Colombo Limited.

Launched in August 2008 as a Joint venture between Finlays Colombo Limited and Linehaul Express (LINEX), Hong Kong based Logistics Company, Finlays Linehaul Express (Pvt) Ltd operates as the exclusive General Sales Agent for the wholesale courier operations of Cathey Pacific and Dragon Air.

With this acquisition MAC will expand their capability in delivering on their forte of “one stop Shop” freight and logistics provider. The courier service offering enabled through this acquisition will provide enhanced value addition to the clientele of MAC.

LINEX, the Joint Venture Partner of Finlays Linehaul Express (Pvt) Ltd, is the largest wholesale airport- to-airport express services provider in the world with a portfolio of Customs Brokerage, Airport to Door Services and Airport to Airport Services. This new partnership is geared to bring innovative and new solutions to the market and has already harnessed the e-commerce portfolio of LINEX as enhanced offering to the Sri Lankan market.

Commenting on MAC’s acquisition of the equity stake held by Finlays Colombo Limited, The CEO & Chairman - LENTON GROUP, Morty Langslow stated that LINEX was looking forward to working closely with the new JV partner to bring innovative and timely services to the Sri Lankan Market.

Gihan Jayasinghe, CEO and Country Head of Finlays in Sri Lanka, stated that “this sale forms part of a strategic divestment process currently underway at Finlays Colombo to enable the company to better focus and grow its core tea-related businesses. We have had a wonderful and memorable partnership with the Lenton Group for the past 10 years and are confident that MAC together with the local team will continue to offer high quality and world class services to our numerous customers.”

Andre Fernando, Chairman / Managing Director of MAC said “We are delighted to partner with the Lenton Group to enhance the services offered to our customers and excited with the opportunities presented with the expansion of logistics requirements of the Sri Lankan & regional Markets”. 


 

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