The management buyout was led by CEO Eddy Allaert and secures the future of 150 employees, according to Belgian trade publication Transportmedia. The company says operations will continue without interruption.
Intertrans was one of the entities affected by the bankruptcy of Ziegler Belgium, which filed for bankruptcy at the Brussels Commercial Court on 1 June. The insolvency also involved Ziegler SA, Dornach and Universal Express.
The deal covers the full continuation of the company’s activities and the takeover of its workforce. According to the company, financial protection for suppliers was also taken into account as part of the transaction.
Intertrans operates from several logistics sites in Belgium, including Aubange,…