Ryder to acquire Total Logistic Control
Ryder System has signed an agreement to acquire Holland, Michigan-based Total Logistic Control (TLC), an independently operated wholly owned subsidiary of SuperValu. TLC provides comprehensive supply chain solutions to food & beverage and consumer packaged goods manufacturers with significant supply chains in the US. Subject to closing conditions and regulatory approvals, the acquisition is expected to close on December 31st. According to Ryder’s chairman & CEO Greg Swienton, the acquisition expands Ryder’s Supply Chain Solutions offering with firmly established, comprehensive food & beverage and CPG capabilities, to complement the company’s suite of automotive, hi-tech, industrial and retail groups. Commenting further, Ryder’s president of Global Supply Chain Solutions John Williford said: "This strategic acquisition is an exact fit with our strategy of developing a leading CPG capability and strengthening our focus in key vertical industry sectors." TLC operates 34 facilities comprising 10.6 million sq.ft of dry and temperature-controlled warehousing across thirteen States. Quelle: eyefortransport |