Adcock Ingram acquires Virtual Logistics

Adcock-Ingram-fleet-Virtual-LogisticsIn a significant move to expand its distribution offering, Adcock Ingram has acquired Virtual Logistics, a national and cross border fine distribution company. The acquisition became effective in April.

Already a well-established logistics operator, Adcock Ingram is the only local pharmaceutical company offering a full service pharmaceutical distribution solution. The company does direct distribution nationally to wholesalers, hospitals, pharmacies, and home deliveries to patients.

Achieving targeted growth 

‘This acquisition brings us closer to realising our strategic vision of owning a fully compliant network and will make us one of the largest fine distributors in the country,’ says Tobie Krige, MD of the Adcock Ingram’s distribution division. ‘Virtual Logistics has an extensive national footprint across South Africa with various tailored solutions. This expanded footprint will complement our operational reach and capacity, allowing for improved service levels to customers, especially pharmacies. Our well established ability to offer a contract service to potential customers will be enhanced by this deal.’

The reach of over 3 000 destinations, currently serviced by Virtual Logistics, will enhance and expand the Adcock Ingram offering of over 6 000 drop points, allowing greater choice in the route to market for all industry stakeholders. This is important in the pharmaceutical industry where compliance requirements are non-negotiable.

Owner driver scheme expansion

‘Adcock Ingram’s valuable owner driver enterprise development initiative will gain critical mass as we combine the two companies’ schemes under the new structure, which will assist in achieving our transformation objectives,’ Krige adds.

 

Jeanette Charlton, MD and owner of Virtual Logistics will join the Adcock Ingram distribution distribution management team to ensure a seamless integration process. ‘I am excited about the future of Virtual Logistics and this opportunity for the company to reach its full potential under the Adcock Ingram umbrella,’ she comments.

In a significant move to expand its distribution offering, Adcock Ingram has acquired Virtual Logistics, a national and cross border fine distribution company. The acquisition became effective in April.

 

Already a well-established logistics operator, Adcock Ingram is the only local pharmaceutical company offering a full service pharmaceutical distribution solution. The company does direct distribution nationally to wholesalers, hospitals, pharmacies, and home deliveries to patients.

 

Achieving targeted growth H3

 

‘This acquisition brings us closer to realising our strategic vision of owning a fully compliant network and will make us one of the largest fine distributors in the country,’ says Tobie Krige, MD of the Adcock Ingram’s distribution division. ‘Virtual Logistics has an extensive national footprint across South Africa with various tailored solutions. This expanded footprint will complement our operational reach and capacity, allowing for improved service levels to customers, especially pharmacies. Our well established ability to offer a contract service to potential customers,customers will be enhanced by this deal.’

 

The reach of over 3 000 destinations, currently serviced by Virtual Logistics, will enhance and expand the Adcock Ingram offering of over 6 000 drop points, allowing greater choice in the route to market for all industry stakeholders. This is important in the pharmaceutical industry where compliance requirements are non-negotiable.

 

Owner driver scheme expansion H3

 

‘Adcock Ingram’s valuable owner driver enterprise development initiative will gain critical mass as we combine the two companies’ schemes under the new structure, which will assist in achieving our transformation objectives,’ Krige adds.

 

Jeanette Charlton, MD and owner of Virtual Logistics will join the Adcock Ingram Distribution  distribution management team to ensure a seamless integration process. ‘I am excited about the future of Virtual Logistics and this opportunity for the company to reach its full potential under the Adcock Ingram umbrella,’ she comments.

 

 

 

 

 


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