The deal will expand the company’s footprint in Canada and its reach into the retail sector.
What happened
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Why it matters
NFI has acquired Canada-based SDR Distribution Services.
The deal will not only expand the New Jersey-based carrier and warehouse operator’s customer base in the fashion and retail sectors, but also increase its warehousing and distribution space in Canada to 4.5 million square feet, according to a April 18 press release.
“The SDR acquisition brings additional blue-chip fashion and retail customers to our portfolio,” Sidney Brown, CEO of NFI, said in a statement. “With the combined expertise of both NFI and SDR, customers can expand in the US with NFI’s existing footprint and access our other service offerings.”
This news brief is based on reporting published by Supply Chain Dive on 2023-04-19. The original report is linked below.
Supply Chain Dive
https://www.supplychaindive.com/news/NFI-buys-SDR-Distribution-Services-Canada/648000/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
