Done Deals Apr-May 2010

by Array

Vancouver, British Columbia-based Lions Gate Trailers and Mississauga, Ontario-based Provincial Trailer Rentals have finalized the purchase of certain assets of the Canadian branches of GE Canada Vehicle & Equipment Services. Lions Gate now operates the former GE Trailer Fleet Services facilities in Winnipeg under the Lions Gate brand and has started integrating the six other GE facilities into its existing network.

Waterloo, Ontario-based Descartes Systems Group Inc has acquired Belgium-based Porthus. Porthus provides global trade management solutions.

Aurora, Ontario-based Magna Seating, an operating group of Magna International, and Hollingsworth Logistics have formed a joint venture to supply Volkswagen Group of America with complete seat systems for a mid-size sedan to be built in Tennessee.

Canadian Pacific Railway Limited (CP) has reached a one-year agreement with Teck Coal Ltd. CP will transport metallurgical coal from Teck’s mines in southeast British Columbia to Kamloops and Vancouver-area ports for export.

Aircraft Spruce & Specialty Co has installed and activated 230-watt CS6P modules from Ontario-based Canadian Solar Inc at distribution warehouses in California and Georgia. The two solar electric systems can harvest approximately 332,264 kilowatt-hours per year at peak capacity.

Air Canada and Korea’s Asiana Airlines have signed a memorandum of understanding to create a strategic partnership. This follows an Open Skies agreement signed by Canada and Korea in 2009.

Greene, New York-based Raymond Corporation has been named an independent distributor for the sale, rental and lease of Plug Power Inc’s GenDrive fuel cell units in North America. Raymond will also provide warranty and maintenance service on GenDrive products and serve as an authorized distributor of parts.

Spacesaver Corp has acquired Compact Storage Systems (CSS). Both companies are based in Wisconsin. CSS manufactures heavy-duty carriage systems used to turn compact racking into high-density storage.

The Children’s Place, a children’s clothing retailer, has named Damco its Customs broker for Canada and the US. Damco already manages the retailer’s purchase orders from global origins to its four distribution centres in Canada and the US.

Atlanta, Georgia-based supply chain software solutions provider Logility Inc has acquired certain assets of privately held supply chain optimization systems supplier Optiant Inc of Boston, Massachusetts for US$3.3 million.

TNT and Con-way Freight are launching a new joint US-to-Europe accelerated export service. It will provide day-definite, road/air/road service for heavier shipments.