(Alliance News) - Farmacosmo Spa has announced that it has established Farmacosmo Logistics Srl, to which the logistics activities currently carried out by the company will be transferred.

Marco Di Fiore, current head of Trading and Logistics at Farmacosmo, will lead the new company. Di Fiore said, "I am proud to be able to continue in Farmacosmo Logistics the work carried out in Farmacosmo for more than a decade, taking full advantage of the potential of proprietary software for logistics management and the in-depth expertise gained over time by the entire logistics team."

The strategic rationale for the transaction is to be found in the opportunity to create a deeply specialized logistics hub to serve the group, also considering the growth of the retail channel. In this way, it is apparent how all the expertise gained over the years can take shape in a single entity, generating significant economies of scale, improving service quality and thus making the cost structure more efficient.

Chairman of the Board and CEO, Fabio de Concilio, commented, "We are very pleased to announce the start of this important strategic reorganization. It is an operation that confirms the precise direction of our operations and the constant focus toward creating excellence."

"The handover of the Logistics business will further facilitate the group to focus on strategic and business priorities through the consolidation of the core areas of Logistics, Intelligence and Node, recognizing them as a backbone to support a strong push for sustainable growth throughout the group, allowing, in addition, the achievement of significant expected economic reflections in terms of savings, the estimate of which at full speed is more than EUR140,000 per year. We will ensure a smooth process, giving all stakeholders serious continuity of the business, strategic activities as well as all operations."

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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