FOR IMMEDIATE RELEASE
Logistics Plus Acquires Horizon Logistics
ERIE, PA (April 12, 2011) – Furthering its strategy of delivering logistics solutions and international supply chain management, Jim Berlin, Chief Executive Officer of Logistics Plus, announced today the acquisition of Horizon Logistics, the 3PL subsidiary division of Horizon Lines (NYSE: HRZ). The acquisition is expected to be completed by April 29, 2011. Under terms of this agreement, Horizon Lines will transfer the majority of its Irving, Texas-based Horizon Logistics staff as well as its Lexington, NC, and San Francisco, CA-based operations to Logistics Plus, Inc.
“We have been looking for the right opportunity to broaden our service offerings, and we believe we found the right avenue to do so with Horizon Logistics. The Horizon employees joining our team are a great cultural fit, and of the same customer-centric mindset that we are noted for in our business. We absolutely will continue providing great service to Horizon Logistics customers and we expect this transition to be smooth and seamless,” said Jim Berlin.
The acquisition expands Logistics Plus’s portfolio of services including international ocean transportation, air freight forwarding, intermodal transportation management, distribution, warehousing and fulfillment, trucking, and expedited delivery. Horizon Logistics network includes warehouses, terminals, and offices in Lexington, NC, and Dallas, TX.
Logistics Plus is a global enterprise with over 250 employees in 18 countries. Established in 1996 to manage the freight logistics for a select group of global corporations, Logistics Plus has since grown into a diverse business offering a full range of logistics services tailored to meet the individual needs of its customers. With over 300 customers and global freight clientele exceeding $500 million, Logistics Plus is your supply chain solution.
For additional information, please visit www.logisticsplus.com
Senior Vice President, Corporate Admin
Logistics Plus Inc.