Overseas Trading Company buys Chacalli De Decker – 06/10/09
Source: ©The Moodie Report
By Melody Ng, Asia Bureau Chief
BELGIUM. Overseas Trading Company has announced the acquisition of Chacalli De Decker, Europe’s leading supplier of duty free goods to regional airports as well as to diplomatic and military communities.
The sale was completed on 29 September, bringing together two family businesses with a long combined distribution history.
Overseas Trading Company, a specialist wholesaler and distributor in duty free and travel retail, has been a long-standing supply partner to Chacalli. The opportunity to acquire the latter was “a natural progression”, it said, and the future strategies of both companies are said to fit together “perfectly”.
Overseas Trading Company Executive Director Eric Demaerel stated: “We have known Chacalli for many years, and the strategic fit of an independent Chacalli within our group gives Overseas Trading Company the perfect platform for business expansion in diplomatic and travel retail.”
Chacalli De Decker Executive Director Mike Sheriff added: “I could not be more pleased. Overseas Trading Company is a fantastic business partner and the combined synergies will allow us to grow existing businesses and expand into new arenas.”
Both Demaerel and Sheriff have expressed their commitment to maintaining the companies’ independence while benefiting from the financial strength, professionalism, combined knowledge and experience of the teams.