RFB purchase a ‘win-win’ for all involved

It was an all round win-win situation when OneLogix acquired RFB Logistics earlier this year. According to OneLogix chief executive officer Ian Lourens, the buyout was the result of a confluence of circumstances that resulted in a very positive turn of events. “RFB Logistics has, in fact, since the purchase performed ahead of expectations and the relationship has just improved.” OneLogix only operates in niche markets, and RFB Logistics was the perfect fit. “They had a strong management team that was prepared to stay on and take the business forward,” said Lourens. “It is an ethical company that is brilliant at what it does. We believe that this has been a good move on both sides.” As part of the OneLogix group, RFB Logistics can now get on with its core business while the head office in Johannesburg takes care of finance and administration as well as the payroll, strategy, marketing and communications. “Practically it comes down to having a ‘big daddy’ that ensures financial security,” says Lourens. He said after hearing that RFB Logistics was on the market they immediately started negotiations, which resulted in the buy-out. “It was important that it was not engineered to work, but rather was something that all parties were happy with and it turned out brilliantly.”