Yusen Logistics acquired Taylored Services, a multichannel 3PL fulfillment organization that will help expand Yusen Logistics' Contract Logistics Group's warehouse network in key distribution areas and further strengthens its end-to-end supply chain portfolio with specialized services, such as omnichannel retail, wholesale and e-commerce fulfillment.
"We are deeply impressed by the people, performance and capabilities of Taylored Services brought together over the past 10 years by its private equity owner Saybrook," says Mikhail Kholyavenko, CEO of Yusen Logistics Americas. "We are excited to welcome 350-plus employees, who will be led by Matt Ennis, the new president and CEO of Taylored Services. Combining the strengths of Taylored fulfillment centers in U.S. port-centric gateway markets with Yusen Logistics' global and domestic capabilities in international freight forwarding, warehousing and transloading operations, and supply chain orchestration will allow us to provide a full suite of supply chain logistics solutions to our current and future customers."
"We are delighted to join Yusen Logistics, a global logistics group with over 68 years of heritage. Taylored employees and customers will benefit from access to Yusen's extensive global network and supply chain solutions including international air and ocean freight forwarding and 4PL/lead logistics capabilities," adds Jim DeVeau, former president and CEO of Taylored Services.
From PR Newswire:
- Taylored Services will become part of Yusen Logistics (Americas) Inc., the U.S. operating company of Yusen Logistics Co., Ltd. and a subsidiary of NYK Group.
- The purchase agreement includes 11 distribution centers strategically located near the ports of Los Angeles, Long Beach, New York/New Jersey, Savannah, and Miami, as well as in Louisville, Ky., totaling approximately 2.9 million square feet of Tier 1 distribution space. The respective Yusen Logistics and Taylored Services names and brands will remain in place.
- DeVeau will stay in an advisory role to support a smooth transition and provide ongoing guidance to Yusen Logistics.