Geodis acquires Ozburn-Hessey Logistics
AUG 17, 2015: Geodis, the European supply chain operator owned by SNCF Logistics, is to acquire OHL (Ozburn-Hessey Logistics) for an undisclosed amount. Founded in 1951, OHL is a 3PL operating more than 120 value-added distribution centers in North America with over 36 million square feet of flexible warehouse space, and providing integrated global supply chain management solutions including transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services. Employing over 8,000 transportation and fulfillment professionals, OHL specializes in the sectors of apparel, electronics, healthcare, food and beverage, and consumer packaged goods. OHL's annual revenue is reported at €1.2 billion. "We are proud to welcome the customers and employees of OHL to Geodis and to provide our global customers with OHL's expertise and presence in the North American market" says Marie-Christine Lombard, CEO of Geodis. "Likewise Geodis offers a second to none Global footprint for North American corporations and the clients of OHL seeking to grow internationally." OHL is currently owned by private equity firm Welsh, Carson, Anderson & Stowe (WCAS). WCAS focuses its investment activity in two target industries: information & business services and healthcare. "We are excited to join forces with Geodis and look forward to the extended reach of a worldwide group," says Randy Curran, CEO of OHL. "Both organizations have a long tradition of finding world class supply chain solutions for customers in pursuit of the superior customer experience."