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Dunavant Logistics adds two subsidiaries
By Michelle Corbet, Memphis Business Journal
Memphis-based Dunavant Global Logistics Group LLC is adding two new subsidiaries to its global footprint — one in a neighboring state and one on another continent.
The company is opening a new subsidiary, Dunavant International Freight Agency, in Shenzhen and Hong Kong, China.
“Our business continues to evolve as a trading partner with Asia from an import-export standpoint, and we manage those exports, which drove us to this decision,” said Dunavant COO Richard McDuffie.
The China-based operation will offer comprehensive booking agent services, perform intra-Asia freight and trucking services and serve as a liaison for U.S. destination agent services to China-only based forwarders.
“Dunavant has been in the global trade business for a very long time through cotton, moving product in and out of [China] for decades,” McDuffie said.
The opportunity to establish the new operation came from the company’s freight agency license. Victor Xiong, general manager of Dunavant Asia Logistics, will lead the China office.
Stateside, Dunavant is also finalizing an acquisition of Mobile, Alabama-based private customs brokerage company John M. Brining Inc. McDuffie declined to disclose the terms of the acquisition but said the combination of the two companies provides opportunities for additional business.
“There’s not a huge overlap in customer base, but a lot of overlap in sectors we do business with today, so it was attractive to us,” McDuffie said.
Sectors include commodities, lumber and construction, among others. J.M. Brining president Lillian C. Brining said the company has had many opportunities to sell over the years.
“Due to our strong, small family business culture, we were waiting for the right partner with aligning values,” Brining said. “We value Dunavant’s integrity and are confident in their approach.”
John Hearne, a professional with more than 30 years of customs brokerage experience, is going to lead the new Alabama division, J. M. Brining, a subsidiary of Dunavant Global Logistics Group.