Taylored Fulfillment Services Acquires U.S. Operations of Toll Global Logistics
Taylored Fulfillment Services, a national third-party logistics (3PL) provider based in New Jersey, acquired the U.S. operations of Toll Global Logistics, a $8.7 billion Australian logistics company, boosting its position as a top provider in the United States.
The acquisition triples Taylored’s footprint in key distribution areas, which are located near the ports of Los Angeles, Long Beach, New York, Miami, and Louisville, totaling more than 4.1 million square feet of tier 1 distribution space.
The acquisition has also expanded Taylored’s full-service supply chain capabilities, which include omnichannel retail, wholesale and e-commerce fulfillment, cross-dock/transloading, and transportation. The company serves a diversified client base, including wholesalers, manufacturers, and retailers in multiple brand and accessory categories.
“By combining Toll’s port-centric operations and Taylored’s e-commerce fulfillment centers in gateway markets, the acquisition will unlock substantial efficiencies. The consolidation will produce a network effect of other streamlined processes,” says Jonathan Rosenthal, chairman at Taylored.
Joseph DeSaye, a founding member of FMI International, and Taylored partnered to acquire the U.S. operations of Toll Global Logistics. FMI International began with freight forwarding from primarily Asia into the United States prior to their sale to KRG Capital in 2003 and to Toll Group in 2010.
Source: Taylored Fulfillment Services