OIA acquires American Cargo Express as it looks to Canada
01 / 02 / 2017
Supply chain firm OIA Global has swooped on freight forwarder American Cargo Express (ACE) as it looks to expand its footprint into Canada.
Terms of the acquisition of the New Jersey-based forwarder were not disclosed, but OIA said that the company’s Toronto office would add another country to its network.
OIA Global chief executive Charlie Hornecker said: "We value ACE’s nearly 30-year commitment to providing quality freight forwarding, warehousing, fulfillment, as well as its inventory and trade management services to its customers.
“Joining forces with ACE expands OIA’s footprint into the highly competitive Canadian market of Toronto, and adds to our global network of locations which includes countries in Europe, Asia, and South America.
“Canada will mark the 27th country in which OIA Global operates and we will continue to explore these types of acquisitions in the future, provided they are strategic to our business, help grow our brand, expand our network and create value for our customers."