Kenco has acquired Drexel Industries' 3PL business, significantly enhancing its logistics capabilities in Canada.

Information on the Target

Kenco, a prominent third-party logistics (3PL) provider based in Chattanooga, Tennessee, has announced the acquisition of Drexel Industries’ 3PL business, expanding its footprint in Canada. Drexel Industries operates four logistics centers in London, Ontario, employing approximately 100 staff members. This acquisition enables Kenco to enhance its service capabilities and better cater to customers in critical markets throughout Canada.

The facilities managed by Drexel Industries function as multi-client distribution centers strategically located near major transportation hubs. Their operational structure allows for resource sharing, which promotes efficiency and flexibility. Additionally, Kenco plans to integrate Drexel's co-packing and co-filler expertise into its service portfolio, broadening the scope of solutions available to its clients.

Industry Overview in Canada

The logistics industry in Canada has experienced significant growth over the past decade, driven by the increasing demand for efficient supply chain management and eCommerce fulfillment services. With its geographical advantages, Canada serves as a critical link for int