MISSISSAUGA, Ont. — Manitoulin Global Forwarding has announced the acquisition of Vancouver, B.C.-based Canfleet Logistics.
Manitoulin’s latest acquisition adds to its rapidly expanding presence in Western Canada. Canfleet was identified as a good fit because of its “excellent export capabilities to Asia,” the company announced in a release.
“In order to continue to meet our customers’ emergent needs, Manitoulin is maintaining a trajectory of steady growth by acquiring businesses that improve our geographic reach or which provide high-quality offerings that complement our own,” said Dwayne Hihn, president, Manitoulin Global Forwarding. “Canfleet delivers on both accounts with improved access to Asia and excellent exportation capabilities that mirror Manitoulin’s importation strengths. We now have the expertise and volume capabilities to create greater efficiencies for our customers, whether exporting or importing, to Asia or around the world.”
Canfleet was founded in 2005 and provides logistics solutions, ocean freight operations and global supply chain management to customers in the lumber, agricultural, scrap metal and automobile export businesses. It also provides refrigerated transportation for perishable goods.
“An ongoing quest for Manitoulin is to extend our customers’ global reach, with an emphasis on Asia because the West to Asia and intra-Asia lanes are only going to get busier,” said Gord Smith, chief executive officer, Manitoulin Group of Companies. “To that end, earlier this year, Expedite Plus, a member of Manitoulin Group of Companies, launched sites in Hong Kong, Shanghai and Beijing to strengthen the company’s ability to manage urgent shipments throughout Asia and beyond. Now, we can make even greater inroads into Asia through Canfleet’s Asian markets expertise coupled with its ideal location in Vancouver, British Columbia – Canada’s gateway to Asia. Canfleet is an important addition to the Manitoulin family and we are delighted to welcome them aboard.”
Under the purchase agreement, all employees – including Canfleet’s founder and former owner – and all assets belonging to Canfleet have been transferred to Manitoulin Global Forwarding.
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