READING, Pa., U.S.A., May 8, 2015 – Penske Logistics announced it has successfully completed its planned acquisition of Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co., Ltd. Financial terms were not disclosed.
“We’re pleased to have successfully completed the acquisition,” said Penske Logistics President Marc Althen. “We look forward to working with the Transfreight team to implement a flawless integration for customers and associates. Transfreight is a customer-focused organization with excellent customer relationships. We are excited about building an even stronger business upon this foundation.”
The acquisition adds new customers and associates as well as warehousing, cross-docking, and trucking capabilities to the Penske Logistics business portfolio along with 27 locations across the United States, Canada and Mexico.
Julia Kuzeljevich is Editor of Canadian Shipper. She has been writing about transportation and logistics issues since 1999. All posts by Julia Kuzeljevich