Metro Supply Chain Group Inc., has bought a stake in HCL Logistics Inc. and HCL Transport Inc. (HCL Logistics), a contract logistics company specializing in defence and industrial sectors, headquartered in London, Ontario.
“With this important investment, Metro Supply Chain Group is building on our proven leadership, ingenuity and quality services to clients with complex requirements, while deepening our capabilities in the defence sector,” said Chiko Nanji, group chairman of Metro Supply Chain Group.
HCL Logistics offers warehousing, manufacturing line sequencing, and distribution for on-time delivery of critical defence components to global clients.
“We’re proud of all we’ve done to support our Canadian Forces and Allied Forces around the world,” explained Tim Van Holst, president of HCL Logistics.
“As part of Metro Supply Chain Group, we’re well-positioned to further enhance our defence solutions and also expand into new markets.”
“As disruptions in global supply chains continue at an unprecedented pace, Metro Supply Chain Group can respond faster with the right strategy, plan and execution to help clients succeed,” said Martin Graham, group president of Metro Supply Chain Group.
“This is the start of a long-term partnership with Tim Van Holst, Franco Barbon and the exceptional team at HCL Logistics.”
Valitas Capital Partners acted as financial advisor to HCL Logistics.