Announced
Financials
Tags
retail logistics
Acquisition
Private
Third Party Logistics (3PL)
Canada
omni-channel retailing
Majority
Domestic
Pending
Friendly
Single Bidder
Synopsis
Metro Supply Chain, a strategic supply chain solutions partner, agreed, to acquire SCI Group, a Canadian third-party logistics company, from Canada Post, a provider of mail products and services, and Purolator Holdings, a Canadian courier company. Financial terms were not disclosed. "We are thrilled about the prospect of acquiring SCI. There is an excellent strategic fit between SCI and our existing operations and culture, and we are excited about the future as a combined entity. This acquisition will strengthen our position as a true champion in strategic contract logistics services," Chiko Nanji, Metro Supply Chain Founder and Chairman.
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