NFI acquires World Warehouse and Distribution

Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has acquired World Warehouse and Distribution, a Champlain, NY-based 3PL and warehousing services provider with facilities in Champlain and Albany, NY and Montreal.

By ·

Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has acquired World Warehouse and Distribution, a Champlain, NY-based 3PL and warehousing services provider with facilities in Champlain and Albany, NY and Montreal.

Financial terms of the deal were not disclosed. World Warehouse and Distribution provides services for shippers in various industries, including pharmaceuticals, perishable and non-perishable manufacturers and distributors, beverage manufacturers and distributors, and sporting good retailers.

NFI officials said that World Warehouse will remain a separate entity within NFI’s Warehousing and Distribution division, adding that this deal adds almost one million square feet to warehouse and distribution space managed by NFI, bringing the total amount of warehouse space owned or managed by NFI to more than 19 million square feet.

“World Warehouse is a perfect addition to the NFI family as its warehouse assets mesh with our goal of expanding cross border capacity and our transportation network throughout North America,” and NFI spokesman told LM. “The location, assets and customer base were the key factors in the desirability of World Warehouse.” 

NFI CEO Sidney Brown said in a statement that this acquisition is part of NFI’s strategic plan to increase its footprint in Canada, building on its June 2010 acquisition of IPD Global, which has since been re-named to NFI Canada, to expand cross-border services and within Canada.

“By the end of 2011, NFI will operate over 1 million square feet of distribution space in four cities in Canada and manage close to $75M in transport-related revenues,” said Brown. “This acquisition expands NFI’s network of third party logistics and warehouse services, and further enhances our cross border capacity and capabilities. In turn, NFI provides the World Warehouse customer base with access to a vast network of integrated logistics services and supply chain solutions.”

The four Canadian cities NFI will operate more than 1 million square-feet of distribution space are Edmonton, AB, Mississauga, ON, Toronto, ON and Montreal, QC.

For related articles, please click here.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Supplier Relationship Micro Management
Optimizing Across Six Guiding Principles
Download Today!
From the July 2017 Logistics Management Issue
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish demand and political doubt. The result: “cognitive dissonance” that finds a $1.4 trillion market scratching its head.
2017 Truckload Brokerage Roundtable: Technology continues to connect the dots
Cloud Transportation Management Systems (TMS): Weis Markets streamlines “both sides” of the DC door
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Women in Logistics: Breaking Gender Roles to Win the War for Talent
In this session you'll hear from a panel of women who are now leading top-level logistics and supply chain operations. The panel will share their success stories as well as advice for women who are now making their way up the ladder.
Register Today!
EDITORS' PICKS
28th Annual State of Logistics: Into the great unknown
E-commerce continues to fuel a boom that’s tempered by overcapacity, rate pressures, sluggish...
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...

The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...