U.S. supply chain services company NFI Industries acquired Canadian third-party logistics firm IPD Global, matching a suite of trucking, intermodal, ocean and air shipping and warehouse services.
NFI, privately held and based in Vineland, N. J., said it generates $810 million in revenue a year, while IPD’s 2009 revenue was about $50 million.
“Through this acquisition and other growth, such as that generated by the expansion of our trans-border services with truck and rail, we expect that NFI’s annual revenue for 2010 will reach $900 million,” said CEO Sid Brown.
He said IPD -- of Mississauga, Ontario, near Toronto -- specializes in shipping perishable goods, and is an established customer of Canadian National Railway for intermodal service. So the deal gives NFI “greater access to reliable and efficient perishable shipping routes across North America,” Brown said.
IPD President Rob Rusnov said IPD taps non-asset based transport services, especially for inbound and cross-border routes, to match up with NFI’s strengths in outbound transport and dedicated fleets, distribution and warehousing. IPD also has logistics and transportation brokerage offerings.
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