Wrist Ship Supply acquires Panamanian chandler Centralam
Centralam Panama is a major ship supplier based on the Pacific side of the Panama Canal.
With the acquisition, Wrist said it is expanding its global reach and securing a presence at one of the world’s most important maritime hubs while strengthening Centralam Panama’s market position.
“We look forward to initiating our cooperation with Centralam Panama in one of the most important maritime hubs in the world,” said Wrist Group CEO Jens Holger Nielsen.
Centralam Panama’s management team is experienced and knowledgeable, and our companies share the same core values and business principles. Our customers, and therefore ourselves, will benefit from the combined experience and capabilities in the ship supply market.
“By becoming a member of the Wrist Group, Centralam Panama will benefit from Wrist’s global reach, scale and digital platforms, providing significantly expanded opportunities for our customers and business partners. Panama has always been an area that ship operators try to avoid for services and supplies. With the presence of Wrist, this will no longer be the case”, Thomas Rold, owner and CEO of Centralam Panama.
Rold will continue to manage Centralam within the Wrist group.
Centralam Panama serves more than 2,500 vessels annually passing through Panama’s Atlantic and Pacific ports, providing customers with marine stores, technical goods and stores, owners’ goods and spare parts handling as well as storage, distribution and other services.
The company’s operations are based around large, modern warehouses centrally located at the Pacific entrance to the Panama Canal and only 70 km from major ports on the Atlantic coast.
Wrist, from 38 locations worldwide to all major shipping locations.
In December 2021, Wrist founded and funded Source2Sea, an independent digital sourcing marketplace facilitating online marine sourcing and procurement between marine buyers and suppliers.
More recent Wrist Group expansions include the acquisition of Wrist Valencia in 2020, Van Hulle in Antwerp in 2019 and Klevenberg in Rotterdam in 2018. Further acquisitions are expected in 2022.
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