ISELIN, N.J. – Taylored Fulfillment Services has closed its acquisition of the U.S. operations of Toll Global Logistics, the US$8.7 billion Australian logistics company.
This acquisition will expand a critical footprint in key distribution areas. The Toll centres are located near the ports of Los Angeles, Long Beach, New York and Miami as well as Louisville, Kentucky. They will total more than 4.1 million square feet of Tier 1 distribution space.
Joseph DeSaye, a founding member of FMI International, and Taylored joined together for the acquisition. Founded nearly thirty years ago, Taylored Services has grown to be an award-winning Top 100 3PL.
FMI International, founded in 1979 by Ernest DeSaye, began with freight forwarding from the country of manufacture, primarily Asia, into the United States with a wide variety of services including trans-loading, distribution center bypass, warehousing, pick-and-pack and local and long-distance transportation prior to their sale to KRG Capital in 2003 and eventually to Toll Group in 2010.
Taylored’s Chairman Jonathan Rosenthal said that “by combining Toll’s port-centric operations and Taylored’s e-commerce fulfillment centres in gateway markets, the acquisition will unlock substantial efficiencies. The consolidation will produce a network effect of other streamlined processes.”
With service offerings including omni-channel retail, wholesale and e-commerce fulfillment, cross-dock and transloading services, and transportation solutions, Taylored has expanded its full-service port-to-door supply chain solutions.
“The sale will allow Toll to focus on our core growth markets across the Asia Pacific region,” said Peter Stokes, president of Toll Global Logistics.
A New Jersey based company founded in 1992, Taylored Services has distribution centres located near the nation’s busiest ports of Los Angeles, Long Beach, New York and now Miami. They provide services to a diversified client base including wholesalers, manufacturers and retailers (traditional and online only e-tailers).