AIT Worldwide Logistics acquires WorldFresh Express
Supply chain solutions provider expands cold chain capabilities, adds 13,800 square-foot West Coast facility for storing frozen, refrigerated and fresh foods.
Global logistics firm AIT Worldwide Logistics has acquired WorldFresh Express, a Los Angeles-based freight forwarder specializing in perishable food products, the company said October 17. Terms of the deal were not disclosed.
The acquisition expands the Chicago-based food logistics' company's cold chain capabilities, adding a 13,800 square foot, temperature-controlled facility on the West Coast with zones for holding frozen, refrigerated and fresh foods. WorldFresh founder Doug Kinney will remain with the company, AIT said.
AIT's leaders said the company will continue to look for acquisition opportunities.
"AIT will continue evaluating other cold chain forwarders around the world for potential acquisition," said company President and CEO Vaughn Moore. "Firms that handle distinct commodities with diverse service portfolios are the best fit for our cold chain business model. We are also pursuing firms with a broader logistics scope to support the company's long-term strategic growth plan."
Resources Mentioned In This Article
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : AIT Worldwide Logistics acquires WorldFresh Express">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.