Gateway Distriparks, a logistics company, completed the acquisition of a 99.92% stake of Kashipur Infrastructure and Freight Terminal, a railway based logistic services provider, from Apollo Logisolutions, India Glycols and Kashipur for $19m. “Spread over 41 acres, the ICD has three rail sidings and the target market in the region includes various industries such as paper products, wastepaper, chemicals, home furnishings, handicrafts, automotive parts, polyfilms, soda ash, and other industrial goods. ICD Kashipur will add additional volumes to the rail operations of GDL and will be connected to the Western Dedicated Freight Corridor via the company’s ICD in Gurgaon by utilizing GDL’s hub and spoke operations, and increasing the overall double stack volume for the company," GDL.