SMI Vantage: Acqusition of 51% Stake in Provino Logistics to Complement and Expand Current Business Areas in F&B
Retrieved on:
Monday, July 3, 2023
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The Target's business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services ("Business").
Key Points:
- The Target's business activities are based in Singapore and is primarily in third party logistics specializing in inventory management services to the wine and spirits and other alcoholic beverages industry including export services ("Business").
- It uses a world class proprietary Warehouse Management System making the company a leader in the use of such technologies.
- "I am extremely pleased to be partnering with SMI Vantage and believe that their relevant expertise and deep experience in logistics and the F&B business will allow Provino to grow significantly going forward.
- I am excited to see the fruits of this partnership pan out in the future, as we look to grow this business together," Michael Hadley added.