Symbia Logistics acquires iD Commerce + Logistics
Acquisition broadens firm's e-commerce capabilities, streamlines last-mile logistics process, company says.
Denver-based warehousing, logistics and e-commerce fulfillment company Symbia Logistics has acquired Chicago-based iD Commerce + Logistics (IDC), a third-party logistics and e-commerce fulfillment provider, the companies said today. Terms of the deal were not disclosed.
The acquisition broadens Symbia's reach and adds depth to its service offering, company president and CEO Tom Flynn said in announcing the deal, which is Symbia's fourth in the past 12 months. IDC's focus on consumer products, healthcare and beauty, and subscription box fulfillment services represents a growth strategy for Symbia, Flynn added.
IDC co-founder and president Dan Arriola will join Symbia's executive team; IDC will maintain its Chicago operations under the iD Commerce + Logistics name with its current workforce, the companies said.
"Our recent acquisitions in Nevada, Colorado, Missouri and now Illinois have allowed us to bring together exceptional industry leaders with niche logistics experience and regional knowledge to streamline the 'last mile logistics' process of moving product from the manufacturer to the end user," Symbia's CEO Megan Smith said.
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