Today,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.
<p>“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.”</p><p>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.</p><p><em>By "Move Ahead" Staff</em></p></div>
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