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25 June 2019 The on-line newspaper devoted to the world of transports 07:25 GMT+2

November 14, 2014

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Original news
Matson and Pasha Group have shared the activities of the company of American navigation Horizon Lines

Signed agreements of the total value of approximately
600 million dollars
the company of American navigation Matson has signed an agreement with the compatriot Horizon Lines, company constituted 11 years ago from CSX and Carlyle Group and whose history goes back to the Sea-Land, pioneering company of marine transport containerized( 8of March 2003). The understanding prevece that Matson acquires the activities for Alaska and other asset not reported to the connections with Hawaii operated by the Horizon. At the same time this last one has concluded another agreement in order to yield own activities for Hawaii to the marine company American Pasha Group. The first transaction will have a value of 456,1 million dollars, while the second one will have a value of approximately 141,5 million dollars.

"the acquisition of the activities with Alaska of the Horizon - it has emphasized the president and managing director of the Matson, Matt Cox - constitutes a rare opportunity in order to remarkablly widen our activities in the within of Jones Act (the American law who reserves the marine traffics the intra-USA to the American companies, ndr). The operations with Alaska of the Horizon represent the natural geographic extension of our platform which primary supplier of services to our customers in the Pacific".

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