Colombo, 28 February,2023: Expolanka Holdings PLC, through its wholly owned subsidiary EFL Global LLC (EFL USA), a leading global supply chain and logistics solutions company, acquired 100% equity interest in Trans American Customhouse Brokers LLC and its related companies for a purchase consideration of USD 42.5Mn on a cash free, debt free basis.
“The acquisition will enable EFL Global to strengthen our brokerage operations, enhance service capabilities to our customers and further consolidate our position in our key North America market” says Hanif Yusoof, Director, Group CEO Expolanka Holdings PLC.
Established in 1984, Trans American Customhouse Brokers, Inc. has evolved into an industry innovator in Customs and global trade. Over the last 40 years, it has empowered clients with real, customized, and competitive Customs services, global logistics, and technology solutions. By acquiring Trans American Customhouse Brokers, Inc., EFL Global will now offer a powerful suite of products and services to customers looking for Customs Brokerage and trade solutions.
Commenting on the acquisition, Group CEO, EFL Global, Senthilnathan Shanmugam said, “We are in the midst of exciting times at EFL Global as we look to consolidate our strengths today as a business. The acquisition is an important part of our strategy, as we continue to build infrastructure and capabilities within our business portfolio with the long term in mind.”
This acquisition marks the latest in a series of strategic moves for EFL Global, growing at the forefront of innovation in the supply chain and logistics sector for over 40 years. It continues to invest in its core business capabilities and global operations, and the acquisition of Trans American Customhouse Brokers, Inc. is further evidence of this commitment to excellence.
For more information about EFL Global and its Customs solutions, please visit www.efl.global.