WASHINGTON (dpa-AFX) - KKR & Co. Inc. (KKR) agreed to buy Ritchies Transport Limited, a transportation operator in New Zealand with an 86-year heritage.
Founded in Temuka in 1935, Ritchies is a transport provider in New Zealand, with a fleet of more than 1,600 vehicles and a network of 42 strategically located depots across the country.
Upon completion of the transaction, the Ritchie family will continue to hold a stake in Ritchies. Andrew Ritchie will be appointed as CEO of Ritchies Transport as Glenn Ritchie retires from Ritchies.
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