Press Release

<<  Back

GATX Logistics Chile Signs Agreement With Sagemuller Chile S.A.

SANTIAGO, Chile, January 8 -- GATX Logistics Chile S.A. announced that it has signed an agreement to serve Sagemco Chile S.A. Sagemco Chile S.A. is the commercial operator in Chile for Sagemuller S.A., one of South America's largest distributors of food and grocery products in Argentina, Chile, Brazil and Paraguay.

GATX Logistics Chile will utilize its Santiago facility to handle distribution of Sagemuller's Argentine imports to area food store chains. Products to be distributed include pet food, flour, rice, cake, mixes, and jellies.

Joseph A. Nicosia, president of GATX Logistics, said, "One of GATX Logistics' objectives is to be a leading provider of logistics services in South America. We currently are serving North American companies and their local affiliates in this market, and our goal is to extend this service to South American-based companies. This agreement marks our first stand-alone contract with a local company, and we are extremely pleased to be associated with a company such as Sagemuller S.A."

GATX Logistics Chile is a joint venture between GATX Logistics, Inc. and Wackenhut de Chile S.A. GATX Logistics, one of North America's leading providers of contract logistics services, helps its broad customer base store, process and deliver its products through a wide range of integrated services.

GATX Logistics is a subsidiary of Chicago-based GATX Corporation (NYSE:GMT). GATX provides more than $6 billion of service-enhanced assets primarily used to help its customers transport, store or distribute their products and information. GATX's assets include railcars and locomotives, bulk liquid terminals and pipelines, commercial aircraft, ships, warehouses, technology equipment, and other capital assets and services worldwide.

Wackenhut de Chile S.A., based in Santiago, Chile, operates a variety of service-based businesses, including security services, equipment and consulting; commercial cleaning and maintenance; and commercial construction within Chile. Wackenhut de Chile S.A. has assets in excess of US $20 million and operating revenues in excess of US $32 million.