09.10.2020
Artikel Nummer: 33563
Mullen Group acquires IWD
The Canadian Mullen Group (MTL), a publicly traded corporation listed on the Toronto stock exchange, intends to acquire International Warehousing & Distribution (IWD).
IWD is based in Mississauga, Ontario, and provides customs warehousing services, air import/export deliveries along with full container deliveries in the Greater Toronto Area via a network of contractors. The transaction is expected to be closed before the end of 2020. The price for the purchase was not disclosed.
Steve Cox, the founder and owner of IWD, will remain at the helm during the transition period. Mullen Group is a logistics company that owns a network of independently operated businesses. (sh)