Food logistics firm Nagel-Group has sold its airfreight business to KOTRA-Logistics as it looks to concentrate on its core competencies.
Nagel Airfreight was founded in 1987 and has about 40 employees at three German locations: Frankfurt, Berlin and Bremerhaven.
The airfreight business specialises in the distribution of fresh fish, an area of expertise for KOTRA-Logistics.
The transfer of the business will take place on February 1, 2020.
Source : Various Agencies