Hellmann Worldwide Logistics has taken full control of its Peruvian joint venture Hellmann Worldwide Logistics S.A.C. as the company acquired thre remaining 50 percent of shares held by Carlos Augusto Dammert (President of the Board).

The acquisition allows the company to be fully integrated into Hellmann’s global network, thus expanding the service portfolio for customers and generating further sustainable growth in Peru and the entire Americas region.

Hellmann has been actively present in Peru since 1992 and established the joint venture together with Carlos Augusto Dammert in 1998. In the last 30 years, the company has become a leader in the Peruvian logistics market, being one of the largest airfreight export forwarders, focusing mainly on perishable logistics.

While Hellmann will further expand its perishables business, it also intends to strengthen the company’s market position in other business areas, including automotive logistics, and to expand its customer portfolio beyond Peru’s borders.

Jose Luis Moreano will continue to shape the further development as General Manager, together with Carlos Augusto Dammert, who will act in an advisory capacity.

“Peru is an important and growing market in South America. Based on our robust operational performance and our strong presence in the region, Hellmann is well positioned to grow the business and to further expand our market position,” said Reiner Heiken, Chief Executive Officer, Hellmann Worldwide Logistics.