Cargo Business Newswire

Thursday, August 20, 2015

French logistics giant Geodis to buy Tennessee 3PL OHL

Logistics giant Geodis, France’s largest shipping and transport company, has entered an agreement to buy third party logistics company OHL.

Media reports suggested last week that the deal was nearing $800 million to buy the Brentwood, TN, company, but the final purchase price was not disclosed.

With more than 8,000 employees and $1.3 billion in annual revenues, OHL is one of the largest third-party logistics companies in the U.S. With more than 120 distribution centers in North America, the company has more than 36 million square feet of flexible warehouse space.

OHL specializes in the apparel, healthcare,

electronics, food and beverage and consumer goods sectors with integrated global supply chain management and import and export consulting among its services. Starbucks, Apple, Red Bull and General Motors are among the company's clients.

Geodis has 30,000 employees worldwide, more than 120,000 customers, a fleet of 10,000 trucks and roughly $7.5 billion of annual revenue. Europe's fourth-largest supply chain operator, owned by SNCF Logistics, operates in more than 67 countries. Geodis specializes in supply chain optimization, freight forwarding, contract logistics, distribution and express and road transportation.

For more of The Tennessean story: www.tennessean.com