OIA Global Acquires U.S. Worldwide Logistics, Inc. Acquisition strengthens OIA's North America capabilities
PORTLAND, Ore., Sept. 30, 2013 /PRNewswire/ -- OIA Global, a leading worldwide transportation, supply chain management and packaging solutions provider, announced today that it has acquired U.S. Worldwide Logistics, Inc. (USWWL) a Kentucky-based provider of domestic and international freight forwarding, and warehousing and distribution services. Financial terms of the transaction were not disclosed.
"This acquisition is an important step in our overall growth strategy and confirms our commitment to continue building our U.S. client base, particularly in the Cincinnati – Northern Kentucky metropolitan area," said Charlie Hornecker, CEO of OIA Global. "Both Pam and Steve Stapleton have built a growing and profitable company by delivering full-service worldwide transportation and logistics services for a variety of clients. We welcome them to the OIA team and look forward to working together to achieve even more success," he added.
"We are joining one of the fastest growing companies in the transportation and logistics industry. OIA is a company with a great brand and a great culture," said Pam Stapleton, CEO and President of U.S. Worldwide Logistics, Inc. "This new partnership will put us in a solid position to meet the growing needs of our customers, as well as enlisting a dual commitment to provide advanced supply chain solutions and superior customer service to our clients globally," she added.
"We will continue to look for these types of acquisitions in the future," said Hornecker, "provided they are strategic to our business, help grow our brand, expand our global network and create more value for our customers, employees, shareholders and financial partners."
About OIA Global
Since its founding in 1988, OIA has grown to become a leading third party logistics provider delivering clients a unique combination of global logistics and creative packaging solutions. With a dedicated staff of over 700 professionals and an extensive worldwide presence in over 75 countries, OIA designs innovative solutions that can optimize supply chains around the world. OIA is a part of LDI Ltd., a closely held, value-added holding company based in Indianapolis. Originally founded in 1912 to manufacture corrugated boxes, LDI has since acquired and developed interests in distribution, manufacturing and logistics businesses. Current holdings include Tucker Rocky, a distributor of premier power sport parts, accessories and apparel brands. For more information please visit www.oiaglobal.com.
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SOURCE OIA Global