Latest news with #JasonSalmon
Yahoo
05-05-2025
- Business
- Yahoo
Kenco adds 4 warehouses in Canada as part of 3PL acquisition
Third-party logistics provider Kenco announced Monday it has acquired the 3PL arm of Ontario, Canada-based distribution and fulfillment company Drexel Industries. The deal includes four warehouses in Ontario, serving Toronto, Detroit and Buffalo, New York, as well as 100 employees who will now work for Kenco. The transaction expands Kenco's presence in Canada. Financial terms of the deal were not disclosed. 'As Kenco continues to grow, we've looked for opportunities to better serve our existing customers across Canada,' Kenco President and CEO Denis Reilly said in a news release. 'With Drexel Industries joining the Kenco family, customers of both brands will gain access to a broader network of warehouses and logistics services.' Drexel's 3PL business provides dedicated and shared warehousing to B2B and B2C fulfillment platforms. The company also works with sellers on Amazon (NASDAQ: AMZN) and provides brokerage services and reverse logistics. Kenco said it plans to leverage Drexel's packaging expertise across its platform. Chattanooga, Tennessee-based Kenco provides numerous supply chain management services in addition to warehousing and fulfillment, like freight brokerage, transportation management and dedicated contract carriage. The company now operates 43 million square feet of warehouse space. 'Blending Kenco's automation and technology resources with our Canadian market knowledge and warehouses' proximity to key markets, we'll empower businesses across North America to reach new levels of distribution efficiency,' said Drexel CEO Jason Salmon. More FreightWaves articles by Todd Maiden: Forward Air looks for a fresh start in Delaware Tariffs trim Schneider National's 2025 growth expectations Losses continue to mount at Heartland Express The post Kenco adds 4 warehouses in Canada as part of 3PL acquisition appeared first on FreightWaves. Sign in to access your portfolio
National Post
05-05-2025
- Business
- National Post
Kenco Expands Canadian Footprint with Acquisition of Drexel Industries' 3PL Business
Article content Article content CHATTANOOGA, Tenn. — Kenco, a leading third-party logistics (3PL) provider, today announced the acquisition of Drexel Industries' 3PL business. Drexel Industries' four physical locations and 100 associates will transition to Kenco, expanding its Canadian presence in a key logistics hub. Article content Drexel Industries' four warehouses, all located in London, Ontario, are equidistant from Toronto, Detroit and Buffalo, N.Y., operating as multi-client distribution spaces in a campus-like environment, enabling resource sharing and more flexible operations. Kenco will also leverage Drexel Industries' co-packing and co-filler expertise to further enhance its service offerings. Article content 'As Kenco continues to grow, we've looked for opportunities to better serve our existing customers across Canada,' said Denis Reilly, President and CEO at Kenco. 'With Drexel Industries joining the Kenco family, customers of both brands will gain access to a broader network of warehouses and logistics services.' Article content For more than a decade, the family-owned Drexel Industries has helped both B2B and B2C brands distribute their goods internationally. The 3PL offers a wide range of services including warehousing, fulfillment, Amazon FBA prep, brokerage services and reverse logistics. Article content 'Culturally and operationally, Kenco is a perfect fit with our 3PL business,' said Jason Salmon, Chief Executive Officer at parent company Drexel Industries. 'Our teams share the same vision: to lift the complexities of logistics management off our customers, so they can focus on core competencies. Blending Kenco's automation and technology resources with our Canadian market knowledge and warehouses' proximity to key markets, we'll empower businesses across North America to reach new levels of distribution efficiency.' Article content Kenco supplies integrated logistics solutions that include distribution, eCommerce fulfillment, comprehensive transportation management, material handling equipment services, and customized supply chain solutions – all designed for Operational Excellence. Kenco continues to be a leading 3rd party logistics provider in North America, building lasting customer relationships for 75 years. Kenco's focus is to support customers' business needs and redefine third-party logistics by offering innovative, connected solutions. Article content Article content Article content Article content Contacts Article content Article content Article content
