Peters & May completes acquisition of U.S. branch

SOUTHAMPTON, U.K. — U.K.-based Peters & May Ltd. recently completed its acquisition of Peters & May USA Inc. by purchasing the remaining 40 percent of shares of the company, according to a release from Peters & May Ltd.

In July 2007, Peters & May Ltd. took an initial stake in the Chicago-based company when it was known as Air & Ocean Shipping Inc. Earlier this year it changed its name to Peters & May USA Inc.

“The unconditional ownership of the company now allows us to press forward with our strategic plans for the US market,” Peters & May’s CEO, Jan Rydgren-Knudsen, said in the release. “In recent years our experienced team have been successfully developing new areas of the business and although this year has been tough for our industry and the U.S. in particular, we are optimistic for 2010 and what it holds.”

Peters & May has over 30 years experience in the provision of marine logistics and offers global boat transportation, freight forwarding and yacht racing logistics via air, road, rail and sea.

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