Maersk to Sell Direct ChassisLink
Maersk Inc. announced an agreement to sell its subsidiary Maersk Equipment Services Company, doing business as Direct ChassisLink Inc., to Littlejohn & Co., a private investment firm
Maersk Inc. announced an agreement to sell its subsidiary Maersk Equipment Services Company, doing business as Direct ChassisLink Inc., to Littlejohn & Co., a private investment firm.
The transaction, expected to be complete in March 2012, will have no impact on the group's result for 2012.
DCLI rents and leases chassis to drayage companies and steamship lines in the United States. The company owns or leases approximately 66,000 chassis through a network of 129 locations strategically located on or near key ports and other intermodal hubs in the United States.
"We have been pleased with the business levels, the profitability and the quality of management at DCLI," says J. Russell Bruner, chairman and CEO of Maersk. "It is, however, a provider of chassis, and it does not fit in our long-term strategic focus. The sale will allow the group to reallocate resources to the strategic focus areas within shipping, energy and related activities."
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