Matson (MATX) acquires the primary assets of Reef Shipping, a South Pacific shipping company...

|By:, SA News Editor

Matson (MATX) acquires the primary assets of Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand. The assets include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end.