Canadian Pacific Railway has won a multi-year contract to move freight for A.P. Moller – Maersk through the ports of Vancouver and Montreal. The agreement is further to the September 15 announcement regarding the construction of a new transload and distribution facility in Vancouver. The deal is expected to result in CP beginning to move Maersk traffic on March 1, 2021, and applies to both dry and refrigerated cargo.
Avery Dennison & ACPO Ltd.
Avery Dennison has acquired the business of Ohio-based ACPO Ltd. for the purchase price of US$87.6 million, subject to certain post-closing adjustments. ACPO makes pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees. Avery Dennison has acquired the majority of ACPO’s assets, including coating, finishing and distribution operations at its Oak Harbor, Ohio, headquarters, as well as three finishing and distribution sites in Atlanta, Georgia; Oak Creek, Wisconsin; and Vancouver, Washington. ACPO employees will transition to the Avery Dennison Label and Graphic Materials team.
AIT Worldwide Logistics & Fiege Forwarding
AIT Worldwide Logistics entered into a binding purchase agreement at the end of last week to acquire Germany-based Fiege Group’s international freight forwarding division, Fiege Forwarding. The acquisition increases AIT’s global footprint by adding locations in Belgium, China, Germany, Italy, the Netherlands and Switzerland. As part of the acquisition, Fiege Forwarding’s Michael Völlnagel has been appointed as AIT’s vice-president, Europe. The deal is expected to close by December 31, 2020. Terms have not been disclosed.
Imperial Germany & PepsiCo
Imperial Germany, part of the Imperial Group, has been awarded the contract to store leading brands for major soft drinks manufacturer PepsiCo. From January 2021, Imperial will open and operate a dedicated 15,000-square-metre regional distribution centre in Sülzetal near Magdeburg, in Saxony-Anhalt, Germany. The facility will receive and store palletized stocks of PepsiCo’s brands, which are produced at its plants across Germany and neighbouring countries. Imperial is responsible for managing the entire warehouse operation including repacking stock and assembling displays, before their final distribution to PepsiCo customers throughout Germany. The new facility will create 30 new jobs.