GREEN BAY, Wis. and EL SEGUNDO, Calif. — Schneider Logistics has signed a stock purchase agreement to acquire American Overseas Air Freight, an international freight forwarder and a licensed U.S. customs broker.
The company specializes in the handling and shipping of import and export products by air, ocean and truck and Schneider says the acquisition will serve as a key component in their strategy to build a comprehensive door-to-door global logistics operation that spans air, ocean, rail and truck transportation.
“The freight forwarding and customs brokerage expertise of American Overseas will complement Schneider’s existing transportation and logistics services offerings as we continue to expand globally,” said Tom Escott, president, Schneider Logistics.
Ron Barker, president of American Overseas will continue to lead the El Segundo, Calif.-based organization once the acquisition is finalized. Closing of the purchase agreement is expected to occur within the next 45 days.
“Becoming part of a recognized industry leader like Schneider National is a special opportunity for American Overseas and its customers and business partners worldwide,” Barker said. “Our knowledge and experience in handling and shipping both imports and exports will be a strong asset to Schneider’s global logistics and transportation portfolio.”
According to Escott, the company will retain the American Overseas name and will conduct business as a wholly owned subsidiary of Schneider Logistics.
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