A dispute over unsold shipping containers and more than $1 million in debt has seen interim liquidators appointed to nationwide logistics and storage business Boxman to preserve its returns.
Boxman has 10 facilities around the country from which it leases and sells shipping containers, as well as offering self-storage facilities on a significant scale.
The Nelson-headquartered company was started in 1998 by businessman Mat Charles, who still owns a majority stake in the business (62.66 percent), while German private equity firm Alphaomega AG owns 34.75 percent.
In a 2020 profile on the IceHouse website, Charles said the company had an annual turnover of $9m, and year-on-year organic growth from 2012-2018 had been a healthy 5 percent…
