FOR IMMEDIATE RELEASE
North Bergen, New Jersey. Thursday, November 11, 2021
Bergen Logistics, a privately owned third party logistics firm headquartered in NJ, USA, announces its acquisition by The Elanders Group (Nasdaq ELAN-B.Stockholm). The Elanders Group has over 6,000 employees in some 20 countries on four continents and annual net sales of over EUR 1 billion. Their most important markets are China, Singapore, the United Kingdom, Sweden, Germany, and the USA. Their major customers are active in the Automotive, Electronics, Fashion & Lifestyle, Health Care & Life Science and Industrial verticals.
The Elanders group has acquired an 80% ownership interest in Bergen; founder Ron Roman maintains a 20% stake in the company and will be CEO of the company. This partnership will allow Bergen to continue building the world’s best order fulfillment company concentrated in Fashion and Lifestyle, with the financial support of a public company while maintaining Bergen’s core values as a company.
Bergen Logistics specializes in mid-sized brands in Fashion & Lifestyle and has developed a unique platform that enables them to successfully manage a large number of customers in the segment. Bergen Logistics operates primarily in the North American market (USA & Canada), but they also help their customers globally through their own unit in the Netherlands and through partners in Asia.
Ron Roman, Founder and principal owner of Bergen Logistics comments on the deal:
“I’m really proud of how the company has grown, and the unique platform Bergen Logistics has developed over the past 20 years. Today we’re one of the leading players in third party logistics solutions for Fashion & Lifestyle brands in North America. Together with Elanders’ global network we can expand even further by offering Elanders’ customers ready-made solutions in North America. We’ll also be able to offer our existing customers global solutions, which are increasingly in demand.”
Magnus Nilsson, President and CEO for Elanders also commented:
“I’m very impressed by the company Ron and Eli Roman have built. Putting Bergen Logistics together with our subsidiaries in Europe and Asia will make us a leading global actor in logistics solutions for companies in Fashion & Lifestyle, especially in E-Commerce. Fashion & Lifestyle is already the customer segment with the highest organic growth in Elanders, primarily driven by growth in E-Commerce. In the past year we’ve received quite a lot of requests from our European customers for help in establishing their companies on the North American market. As of tomorrow, we’ll be able to do just that. The acquisition of Bergen Logistics also means Elanders will broaden our customer base, which will make Elanders considerably less sensitive to ups and downs in the business cycle.”
About Bergen Logistics
Over the past 20 plus years, Bergen Logistics has grown from providing ship-to-store services from a 2,000 square foot back office location for one client to servicing over 450 active accounts from about two million square feet spread across six locations in the United States, Canada, Netherlands and Hong Kong, with a specialization in luxury fashion and accessories, cosmetics and contemporary home goods. For more information, please visit www.bergenlogistics.com
About The Elanders Group
Elanders offers a broad range of services and total solutions in supply chain management. The business is run through two business areas, Supply Chain Solutions and Print & Packaging Solutions. The Group has more than 6,000 employees and operates in some 20 countries on four continents. Our most important markets are China, Germany, Singapore, Sweden, the United Kingdom and the USA. Our major customers are active in the areas Automotive, Electronics, Fashion & Lifestyle, Health Care & Life Science and Industrial. For more information, please visit www.elanders.com
For further questions, please contact
Ron Roman, CEO (201) 854-1512
Charles Ickes, President and COO (201) 854-1512