Exel acquires Power Logistics and Power Europe

Supply chain management supplier Exel is acquiring Power Logistics and Power Europe, two divisions of Power Packaging Inc., a privately held provider of logistics and packaging services. The acquisition is subject to regulatory approval.

Exel will be acquiring the Power logistics operations in the US and UK, which provide supply chain management and packaging services to manufacturers and retailers of consumer products. In addition, Exel has entered into an agreement to purchase Power Packaging pending the achievement of certain financial objectives during the next two years. In the meantime, Exel will partner strategically with Power Packaging to jointly sell, develop and operate bundled logistics and manufacturing/packaging solutions.

The acquisition enhances Exel’s end-to-end logistics capabilities and provides a stronger and deeper footprint within the consumer and retail markets in both the US and Europe.

Bruce Edwards, Exel’s divisional chief executive officer of consumer, retail and healthcare Americas, said, “Exel’s supply chain expertise and global scope combined with Power’s expertise in designing and implementing complex
distribution center solutions create a powerful organization unique in the industry. Our customers now will be allied with a company that can truly help them rationalize their supply chains, eliminate costs and improve service levels.”

Exel claims bundling logistics and packaging could help some companies reduce transportation spending by 20 to 40 percent, decrease administrative costs by 60 percent, and cut packaging project order lead times by 75 percent.