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Logistec signs letter of intent with Gulf Coast Bulk Equipment in Florida

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Dry Bulk,

Logistec USA Inc., a subsidiary of Logistec Corp., has signed a letter of intent with Gulf Coast Bulk Equipment, Inc. (GCBE), a specialist in bulk cargo handling in Florida and the US Gulf.

“GCBE has an excellent reputation in Florida and the Gulf region. It has also been firmly established for more than eight years at Port Manatee, which is one of Florida’s largest and fastest growing seaports, and the closest US deep-water port to the Panama Canal,” said Madeleine Paquin, President and CEO of Logistec. “This partnership is reflective of our shared commitment to growing our business and our belief that the port infrastructure, transportation connectivity, and available capacity at Port Manatee as well as at Port Redwing at Port Tampa Bay are well suited to our customers’ needs.”

Logistec has been operating in the US for over 20 years. Logistec and GCBE intend to consolidate and expand their bulk cargo handling services in the USSoutheast and Gulf region. The transaction is subject to the interested parties reaching a definitive agreement.

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