COMPETITION WATCH: Day & Ross acquires Ottaway, Cross Dock Express
WOODSTOCK, Ont. — Day & Ross has acquired Ottaway Motor Express and Cross Dock Express in an effort to expand its dedicated services.
Terms of the deal were not disclosed.
Ottaway and Cross Dock provide logistics services to the automotive aftermarket and general freight industries. Ottaway provides dedicated truckload services from parts manufacturers in Canada and the US to automotive manufacturers’ parts distribution centres and dealers while Cross Dock Express is a dedicated automotive parts delivery business and cross-docking service for new and returned auto parts.
“We are committed to strengthening and expanding the blend of customized and cost-efficient transportation and distribution services we offer to our customers,” said John Doucet, president and CEO of Day & Ross. “In acquiring Ottaway and Cross-Dock we gain additional capacity in the movement of automotive parts and general freight and we gain cross-docking capability which positions Day & Ross to provide end to end services across all modes of transportation.”
The transaction should be wrapped up by the end of November, Day & Ross officials said. Doucet said the transition should be smooth, since Day & Ross is already familiar with the market.
“Ottaway and Cross Dock have earned an enviable reputation with their customers in the dedicated automotive parts segment,” he said. “It’s a market that we also know well so the combination of operational knowledge and expanded services will provide significant advantages to our collective customers. We look forward to welcoming the Ottaway and Cross Dock team to our family of businesses and we thank the Ottaway family for the dedication they have shown in building such a fine company and for giving us the opportunity to help it grow in the future.”
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