GMK acquired by CTI Logistics
GMK Logistics is proud to announce the company has been acquired by Perth based CTI Logistics Ltd.
CTI Logistics is a listed company that has provided transport, logistics and business services to the Western Australia market since 1974.
CTI was attracted to the transport and warehousing strengths of GMK Logistics and its reputation for great customer service.
Following extensive due diligence, the transaction was completed and announced to the Stock Exchange on 10 June 2015.
Being part of CTI Logistics will provide even greater financial stability to GMK Logistics and will give it access to a range of support services and expertise within the CTI Group.
GMK’s CEO, Derek Lightfoot, has confirmed that it will most definitely be “business as usual” at GMK.
“Whilst we are now a subsidiary of CTI Logistics, I like to think of it as a merger of two outstanding and complementary businesses. Both companies have been in business for decades, have strong family company backgrounds and a total commitment to customer service. This transaction is good for GMK Logistics, its employees and, most importantly, its customers.”