Metro Supply Chain, a Canadian a strategic supply chain solutions partner, recently entered into an agreement to acquire SCI Group, a Canadian third-party logistics company, from Canada Post Corporation and Purolator Holdings Ltd.
The combined company will create a diversified supply chain solutions provider and will be headquartered in Québec with regional offices in the Greater Toronto Area and operations across Canada, the United States and United Kingdom.
“The strategic alignment between Metro Supply Chain and SCI is strong,” Chris Fenton, Metro Supply Chain president and CEO, said. “We look forward to leveraging our complementary strengths and shared emphasis on operational excellence to generate growth for clients in multiple sectors, including technology and healthcare, and expand our e–commerce offering. The addition of SCI to the Metro Supply Chain group will offer opportunities to enhance our expansion efforts south of the border.”
Chris Galindo, SCI president and CEO, will remain with the combined company.
The transaction is expected to close during the first quarter and is subject to customary closing conditions, including the receipt of regulatory approvals.
Metro Supply Chain manages 15 million square feet in more than 100 sites across North America and Europe, employing 6,000.