TORONTO, Ont. – Atlas Supply Chain Services Ltd. has bought TCT Logistics’ temperature-controlled operations for $5.3 million.
The purchase includes 35 tractors, 133 refrigerated trailers, a customer base and an information-management systems. Also acquired are the leases of 56 tractors and 250 reefer trailers.
The acquisition makes Atlas Supply Chain’s Atlas Cold Logistics subsidiary into a fleet of 91 tractors, 120 tractor owner/operators and 383 refrigerated trailers.
Atlas Supply Chain “will provide Canada’s food processors and distributors with full load services throughout Canada and the United States,” the company says.
Atlas will also provide regional LTL services through distribution centers in Montreal, Toronto, Winnipeg, Regina, Saskatoon, Edmonton, Calgary and Vancouver.
“We continue to focus our efforts on growing our North America network of temperature-controlled distribution centers. Offering value-added transportation services to our customer base allows Atlas to broaden our service offering and leverage our network asset base,” says Patrick A. Gouveia, president and chief executive officer of Atlas.
Atlas Cold Storage operates one of the largest temperature-controlled distribution network in North America with 33 facilities with nearly 130 million cubic feet of refrigerated space.
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