CMIC Reported as Successful Bidder for Loscam

News reports indicate that China’s CIMC has won the bidding for Loscam, Australia’s second largest pallet pool after CHEP. Aside from its interests in Australia, Loscam has established a strong presence in several south Asian countries. Ed.

CIMC wins bidding for Loscam: sources

HONG KONG – China’s CIMC, the world’s largest shipping container maker, has won the bidding to buy Australian pallet maker Loscam Ltd, according to two banking sources.

China International Marine Containers (Group) Co (CIMC) beat bids from private equity firms Pacific Equity Partners (PEP) and CHAMP, the sources said.

Read more about China International Marine Containers (Group) Co successful bid for Loscam.

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