Rhenus buys Canada’s Rodair
18 / 03 / 2019
Germany’s Rhenus Group has acquired Canadian logistics provider Rodair. The acquisition, terms were not disclosed, is subject to approval by the relevant authorities.
The core business activities at Toronto-headquarter Rodair involve international freight forwarding, project logistics, courier, warehousing and distribution, 3PL services, and e-commerce solutions.
The company, founded in 1996, has business sites in Montreal, Calgary and Vancouver. Its customers mainly come from the fashion, retail, automotive, pharmaceutical and mining industries.
Jörn Schmersahl, Rhenus chief executive for air and ocean Americas, said: “The acquisition of Rodair Group marks an important step for Rhenus in establishing a network in Canada. Rodair’s entrepreneurial and family oriented history and conviction to the same values will make an important contribution to the ongoing growth of the Rhenus Group.
“Combined with a strong focus on customer relations, we are gaining experienced employees with local expertise for the global operations of the Air & Ocean business unit at Rhenus Freight Logistics.”
Jeff Cullen, chief executive of Rodair, said: “Being integrated into the Rhenus Group enables us to become part of an entrepreneurial global enterprise with depth expertise and passion which offers us the best prospects for long-term and sustainable development.
“This investment in growth, people and technology also offers a wider range of individual opportunities to our employees and will also be for the benefit of our present and future customers.”
The Rhenus Group is a logistics services provider with an annual turnover of €4.8bn. It has business sites at 610 locations worldwide and employs 29,000 people.