‘Will greatly contribute toward expanding Parekh Group offerings in end-to-end supply chain solutions & contract logistics’
MUMBAI: Seabird, a leading logistics solutions provider and part of the Parekh Group, has announced the recent acquisition of MJ Logistic Services Ltd, a Delhi-based 3rd Party Logistics (3PL) firm, as its 100 per cent new subsidiary.
“As we welcome MJ Logistic into our group, we believe that their rich expertise in contract logistics, which includes warehousing, transport, cold chain, and vendor solutions in auto, light engineering, QSR, FMCG, nutrition sector, will greatly contribute toward expanding our group offerings in end-to-end supply chain solutions,” said Mr Naresh K. Parekh, Managing Director, Seabird.
“As part of the group’s continuing expansion, the new acquisition will improve the business growth of the existing marquee customer base of MJ Logistic as well as serve the existing customer base of Seabird Group into contract logistics in a big way, including warehousing solutions, transport and last mile distribution. MJ will also expand its footprint on a pan-India level,” added Mr Amit M. Sarin, CEO, MJ Logistic.
United by a common business culture, the new alliance between Seabird and MJ Logistic was solemnised in February 2018. The acquisition now makes Brand Seabird a forerunner in the logistics market, enhancing the company’s future growth and performance. MJ Logistic too brings its excellent and established professional team and fantastic consumer base, with customers in the automotive, light engineering, food and FMCG, QSR, retail and food ingredients segments.
Speaking on future plans, Mr Yogesh K. Parekh, Director, Seabird, highlighted that the group has been in the logistics sector for over five decades, offering shipping services, logistics solutions, vessel owning, offshore agency, CFS operations and hospitality. With the acquisition of MJ Logistic, the group plans to set up over 3 million sq. ft of owned warehousing space across India in the coming 2-3 years and another 5 million sq. ft in the next 5 years. Construction of a mega warehouse in Patli (Gurgaon) is on in full swing and will be ready for serving customers from April 18, 2018. Additional construction in Palwal (Haryana) will commence from mid-May and land acquisition in Chennai for another mega warehousing complex has been completed, he said.
Mr Yogesh Parekh added that going forward, the logistics business will be graduating to one-stop shop that can transport goods from factory to retailer shelves.
This acquisition, therefore, will synergise the existing spectrum of Seabird activities and will ultimately subsume all related activities, where the customer deals with just one entity for their entire logistics chain, said a release.