MONTREAL, Que.–Overseas Express Consolidators Canada Inc. (OEC Group) announced that it has acquired Ryder CRSA Logistics in Canada and its affiliated interests in Hong Kong and Shanghai.
The purchase reflects OEC Group’s corporate growth strategy and continued commitment to providing best-in-class, end-to-end logistics services across international markets, the company release said.
The joining of the two companies “creates a strong strategic, experienced partnership, merging best practices and the individual strengths of two industry-leading organizations, specializing in the retail vertical and fulfillment,” the companies added.
CRSA has over 35 years of experience in the logistics industry providing leading retail clients and consumer goods manufacturers with supply chain solutions: BCO/ NVOCC, global hubs, VAS, buyer’s consolidation, real-time visibility tools, and PO management through leading edge technology.
Marc Bibeau, President & CEO of the group welcomes CRSA, now operating under the name CRSA Global Logistics Inc., and its members stating, “This purchase represents a significant value creation opportunity for all stakeholders. We have acquired a quality portfolio of assets, which complements our existing position in the market and strengthens our specialization in the retail vertical. Our combined customer base will benefit from increased flexibility in the supply chain, product innovation and a service culture of excellence that is unparalleled in the industry.”