NFI expands Canadian footprint with World Warehouse buy
MONTREAL – North American supply chain solution provider NFI has acquired 3PL firm World Warehouse and Distribution, based in Champlain N.Y. and Montreal.
"Acquiring World Warehouse is part of our strategic plan to increase our footprint in Canada. This transaction continues to build upon our previous acquisition of IPD Global – now NFI Canada – expanding our services cross border and within Canada," said NFI Chief Executive Officer Sidney Brown. "By the end of 2011, NFI will operate over 1 million square feet of distribution space in four cities in Canada and manage close to $75 million in transport-related revenues,"
World Warehouse will remain a separate entity and will add nearly 1 million additional square feet to the warehouse and distribution space managed by NFI, bringing the total warehouse space owned or managed by NFI to more than 19 million square feet.
World Warehouse provides a wide array of transportation and logistics solutions for a variety of industries, including pharmaceuticals, perishable and non-perishable manufacturers and distributors, beverage manufacturers and sporting goods retailers.
Kevin O’Shea, president of World Warehouse, will remain in his role.
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