Transplace announced that it has acquired Logistics Management Solutions (LMS), a US third party logistics provider specializing in the chemical and industrial manufacturing sectors. Terms of the transaction were not disclosed.
“Acquiring LMS further supports our commitment and strategic plan to grow Transplace and build a competitive advantage for our company and our customers,” said Transplace’s Chief Executive Officer, Tom Sanderson.
“We are pleased to add LMS’s knowledgeable, experienced employees to our workforce. Bringing the LMS team on board allows Transplace to offer more services to its existing customers and to serve an entirely new set of customers, as well as continue to expand our presence in key verticals, such as the chemical industry,” he added.
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