Mainfreight flags plans for claim against former Wim Bosman owner

Tue, 25 Jun 2013

June 26 (BusinessDesk) - Mainfreight, the global logistics company, intends mounting a compensation claim against the former owners of Netherlands-based Wim Bosman over the loss of a major customer. The company has “notified the former owner that it intends to bring a claim” but hasn’t started court proceedings, it said in a statement. Mainfreight bought Wim Bosman in 2011 for up to 120 million euros if certain targets were met, expecting to get a foothold in Europe and grow earnings. Instead, Mainfreight lost key trading accounts in its fir...

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