Menzies buys GTO Global Logistics
Menzies Aviation, has acquired GTO Global Logistics Inc, a Vancouver-based logistics services provider.
GTO provides airfreight, ocean LCL, domestic and cross-border road services, storage and customs brokerage. The business will be integrated into the Air Menzies International (AMI) division, which provides wholesale airfreight and express services to freight forwarders, packaging companies, customs brokers and courier agents.
As part of the deal, Menzies will acquire a customs bonded warehouse of 10,000 sq ft in Vancouver.
AMI chief executive Jonathan Clark said: “We believe that GTO is the perfect match for AMI in Canada as they understand our needs, provide excellent service and have a proven track record of success in the region. They have been a partner of ours for several years and already have strong relationships with airlines and shipping lines which will help grow the AMI business in Canada.”