|CJ Logistics acquires a US logistics company and tries to expand its business in the North American||2018-06-14|
CJ Logistics plans to enter the North American market and expand its business in the U.S by acquiring an American logistics company. The company strategically plans to become a leading logistics market player in the North American region by creating synergies and leveraging each other’s logistics competencies.
On June 8th, CJ Logistics (CEO Keun-tae Park) announced that the company has acquired DSC Logistics.
DSC Logistics was founded in 1960 in Illinois, Chicago. DSC is a leading logistics and supply chain management company, specializing in food and CPG (Consumer Product Goods) industries. DSC Logistics has 3,420 employees and last year’s sales were 578.4 billion Won.
DSC helps to achieve the business goals of Fortune 500 and other leading international companies by providing logistics solutions, including warehousing, transportation, storage, delivery services across food, manufacturing, pharmaceutical and, retail sectors. DSC has its own IT development and supply chain management consulting capabilities. These competencies have enabled DSC to provide stable services and a half of DSC’s customers have maintained long-lasting relationships with the company for more than ten years.
In addition, DSC is specialized in providing supply chain management services in highly-regulated industries. All food-grade DSC Logistics Centers are certified by American Institute of Baking (AIB), American Standards Institute (ASI). DSC also has the Verified-Accredited Wholesale Distributors (VAWD) accreditation from the National Association of Boards of Pharmacy (NABP) for handling healthcare products, medical devices and pharmaceuticals.
Last year, DSC was listed on Food Logistics’ ‘2017 Top 100 3PL & Cold Storage Provider’ and Inbound Logistics’ ‘2017 Top 100 3PL’, because of its dynamic supply chain competitiveness and high quality services.
With the acquisition of DSC, CJ Logistics plans to expand its business in the American logistics market. There are already many multi-national logistics firms competing in the market, but with a solid local presence in Warehousing and Distribution (W&D) sector, CJ Logistics plans to improve its footprint in America. CJ Logistics aims to compete with top-tier competitors in the W&D sector by combining DSC’s local presence and industrial expertise, and CJ Logistics’ operating capabilities, supply chain management consulting tools, and high-tech logistics solution. CJ Logistics also expects to bring out the synergy effect by co-operating with the existing businesses in America. CJ Logistics currently operates 30 logistics networks and 15 warehouses in the U.S, Canada, Mexico, and Brazil. CJ Logistics plans to provide extended global services to DSC’s existing customers by developing new service products such as cross-border transport or intermodal transport between neighboring countries.
CJ Logistics CEO, Keun-tae Park said “Following our market expansion into China and Southeast Asia, we are pleased to join forces with DSC Logistics in the U.S. We look forward to combining our technical capabilities and networks to create synergies and to become a market leader, especially in the W&D sector.”
Since 2013, CJ Logistics has accelerated its global expansion strategy to become a global top 5 logistics company through aggressive M&A in China, Southeast Asia, India, and Middle-East. Recently, CJ Logistics launched its international multimodal transport service between Europe and Asia called ‘EABS’ (Eurasia Bridge Service). In order to prepare for ‘Northern Logistics’, the company also opened up a flagship logistics center equivalent to 14 soccer fields in Shenyang, one of the main cities in Northeast China.
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