DECEMBER 2013: IML ACQUIRED BY AUSTRALIA’S BIGGEST LOGISTICS PROVIDER
On 2 December 2013 IML Logistics was acquired by Qube Logistics – Australia’s single biggest provider of logistics services and the largest integrated third party container logistics provider in Australia.
According to former Managing Director Anthony Ridolfo, “the sale of IML Logistics to Qube gives the highly successful IML operation access to an impressive level of resources, expertise and experience. The sale will also ensure the business can continue to meet and surpass the ideals set at its inception nearly 50 years ago, by my late Father Vince”.
For the Ridcon Group the sale allows the remaining division – Ridcon Properties – to invest in future development opportunities and to expand its commercial property development portfolio in WA.