Logistics Company: Trans Ocean Closes Sale To JF Hillebrand Group

Trans Ocean, headquartered in Southampton, United Kingdom, is the leading, most innovative, provider of transportation solutions to the non-hazardous bulk liquid shipping industry, which includes such liquids as wine, industrial oils, food oils and latex. The Company has built a distinct competitive advantage based on its outstanding global freight forwarding/outsourced supply chain management service, which is supported and enhanced by a unique portfolio of proven specialized equipment designed and manufactured by the Company.

Hillebrand provides logistics services to the specific needs of international beverage producers, importers and retailers. It focuses on organizing transportation of wines and spirits from the production plant in any country to the buyer's warehouse. The Company's services include transport management, information management and supply chain management that offer planning, coordination and execution of global wine and spirits logistics processes. Hillebrand was founded in 1844 and is based in Mainz Hechtsheim, Germany.

Houlihan Lokey served as exclusive financial advisor to Trans Ocean and structured and negotiated the transaction on the Company's behalf. The terms of the transaction were not disclosed.

SOURCE: Trans Ocean