OEC Canada Acquires Ryder CRSA Logistics

Overseas Express Consolidators Canada Inc. has acquired Ryder CRSA Logistics business in Canada, Hong Kong and Shanghai to broaden buyer’s service offerings.

Terms weren’t disclosed by Montreal-based OEC, whose statement said “the joining of the two companies creates a strong strategic, experienced partnership, merging best practices and the individual strengths of two industry-leading organizations, specializing in the retail vertical and fulfillment.”

CRSA, which now will operate at CRSA Global Logistics, serves retail clients and consumer goods companies with non-vessel operating common carrier offerings, value-added services and purchase order management, the statement said.

“This purchase represents a significant value creation opportunity for all stakeholders,” said Marc Bibeau, CEO of OEC. “Our combined customer base will benefit from increased flexibility in the supply chain, product innovation and a service culture of excellence that is unparalleled in the industry.”