South Africa: A.P. Moller Capital completes acquisition of Vector Logistics

Following the announced signing earlier this year, A.P. Moller Capital and RCL Foods have reported the closing of the purchase of Vector Logistics by A.P. Moller Capital.

Vector Logistics is a South African frozen infrastructure logistics operator, providing multitemperature warehousing and distribution, supply chain intelligence, and sales and merchandising solutions. The company’s substantial network of warehouses provides reliable cold chain infrastructure for food products, which increases shelf life and reduces food waste.

“Over the past 18 years, Vector Logistics has grown significantly, and A.P. Moller Capital is committed to furthering the growth of Vector Logistics and providing our customers with market leading solutions to their cold chain business,” said Joe Nielsen, partner at A.P. Moller Capital.

“Vector Logistics has been an integral part of RCL Foods since 2004, and has grown into a leading player backed by a strong customer-centric model. Its exit from the group is part of our strategic portfolio transformation journey which we announced in 2021, with the aim of growing a focused value-added business while separating out the Vector Logistics and Rainbow businesses to position them for independent operation. The move is a strategic milestone for both businesses and we wish the Vector team every success going forward,” said RCL Foods chief executive officer, Paul Cruickshank.

This is A.P. Moller Capital’s second investment in South Africa, following its joint venture with Reunert in 2021 to develop a portfolio of cost efficient, renewable energy solutions for commercial and industrial customers in Africa.

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