Press Release

17 December 2020

Lubbers acquires Cargo Masters

Lubbers Global Freight Holding, a division of Lubbers Logistics Group, acquires 100% of the shares of the Dutch forwarding company Cargo Masters.

The acquisition will give an enormous boost to the expansion of Lubbers Global Freight (LGF). Customers will benefit from a wide range of (project) forwarding services including air, ocean, road, rail, chartering, import/export handling, customs and storage. Main business focus will be on the Energy, Maritime, Aerospace, Automotive, Chemicals (all DG classes), and Fashion/Luxury sectors.

LGF will have a comprehensive international footprint with own branch offices and facilities in Amsterdam (Schiphol), Rotterdam, Eindhoven, Schoonebeek, IJmuiden, London, Ploiesti, Istanbul, and Singapore. In the coming years new stations will be added. The network is supported by a large number of dedicated partners, which ensures global coverage for customers. As part of Lubbers Logistics Group, LGF also has access to its extensive European Road Transport network, operating a large owned fleet of trucks and trailers and offering other logistics services.

The state of the art, low-emission based Cargo Masters Logistics Center nearby Schiphol Airport will be the new head office of LGF and also operates as the main air cargo Hub offering Cross-Dock and Control Tower services (e.g. Hot Shot and AOG desk).

The management teams from both companies will stay fully on board after the integration of the two companies in order to facilitate further development and growth. Mr. Robbert Ringersma will be appointed as the new Managing Director of LGF effective 1 January 2021.

Ger Engelsman, CEO Lubbers Logistics Group: “The acquisition of Cargo Masters is an important step in the execution of our Group’s diversification strategy and will enable us to offer a more enhanced freight forwarding proposition to a larger group of customers in different sectors. We welcome the Cargo Masters crew to the Lubbers family!”

Robbert Ringersma, Managing Director and majority shareholder of Cargo Masters: ”The takeover by Lubbers makes it possible to excel as a global player for various niche markets. We strongly believe merging strengths of both Lubbers Global Freight and Cargo Masters represent the perfect fit and creates a company that is ready for the future and one to be proud of.”

Lubbers Logistics Group, a portfolio company of AAC Capital, has been founded in Schoonebeek, the Netherlands, in 1929. The Group has developed itself into a global transport and logistics specialist for the Energy sector and adjacent industrial segments. Nowadays the Group consists of three divisions: Lubbers Road Transport, Lubbers Global Freight, and Lubbers Projects & Services and has approximately 325 employees in nine countries.
www.lubbers.net

Cargo Masters has been founded at Schiphol Airport, the Netherlands, in 1998. The company developed into a well-equipped RA/AEO-F certified Freight Forwarder with offices and customs bond warehouses at several locations in the Netherlands. Cargo Masters employs 28 people in the Netherlands and is being represented globally by an extensive network of partner forwarders. The company’s team of experts serves customers mainly in the market segments Aerospace, Maritime, Automotive, Luxury Goods, and Fashion.
www.cargomasters.nl