Abu dhabi: Mubadala Investment Company has announced its agreement to acquire a 30 percent stake in Loscam International, a company providing pallet pooling and returnable packaging solutions in the Asia-Pacific region.
According to Emirates News Agency, Mubadala will join the current shareholder group, which includes Trustar Capital, the private equity arm of CITIC Capital Holdings Limited; FountainVest, an independent private equity firm in Asia; and Sinotrans Limited, part of China Merchants Group.
Loscam, headquartered in Hong Kong, operates in 12 countries and regions across the Asia-Pacific region, including Australia, New Zealand, Southeast Asia, and Greater China. The company delivers pooling and logistics solutions to major companies in fast-moving consumer goods, retail, and manufacturing sectors.
Founded in 1942, Loscam is recognized as a partner for optimizing supply chain operations. The completion of the transaction is pending customary closing conditions, such as regulatory approvals.
