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Mullen Group Ltd. To Acquire ContainerWorld Forwarding Services Inc.

Mullen Group Ltd. To Acquire ContainerWorld Forwarding Services Inc.

01/17/24, 11:03 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgokotoks
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgrichmond
Industry
supply chain management
logistics
Mullen Group Ltd. has entered into a letter of intent to acquire ContainerWorld Forwarding Services Inc. and its operating subsidiaries. This strategic acquisition reflects Mullen Group's focus on diversifying service offerings into verticals and markets with long-term opportunities. ContainerWorld's integrated logistics solutions for the alcoholic beverage industry will expand Mullen Group's operations in the provinces of British Columbia and Ontario, adding over one million square feet of warehousing space and expected annualized revenue of approximately $150.0 million.

Company Info

Company
Mullen Group
Location
Okotoks, Alberta, Canada
Company info
Mullen Group is a leading logistics and transportation company in Canada. It specializes in providing various transportation solutions, including freight transportation and logistics services. The company has achieved significant growth and ranks as the second-largest for-hire carrier in Canada. Mullen Group is focused on strategic acquisitions to enhance its service offerings.