MIQ Logistics acquires retail logistics company
Purchase of UK-based The Logistics Corporation Ltd will complement the companys retail supply chain offering.
The company says that the agreement complements the existing service offering of MIQ Logistics in the UK and Europe by offering customers enhanced end-to-end supply chain solutions, including retail warehousing and fulfillment operations.
“The acquisition of TLC is an important step in the expansion of our UK and European operations,” says Joey Carnes, chairman and chief executive office – MIQ Logistics. “A year ago, when we formed our partnership with Austin Ventures, we did so with a commitment to grow and expand the business by offering comprehensive transportation, distribution and global services of a consistently high quality throughout the world. Our agreement with TLC allows us to build on our existing strengths in serving retail customers by providing even greater capabilities and experience.”
As part of the agreement, MIQ Logistics adds multiple warehouse locations and retail-oriented dedicated distribution centers to the company’s current locations around the UK.
Vice President and Managing Director of MIQ Logistics-UK, Andy Martin said. “Current retail customers, such as Phase Eight, Gant, Ben Sherman and Duchamp, who know us for our commitment to unsurpassed quality, will benefit from the breadth and depth of our solutions, and our ability to provide a truly integrated and complete retail service.”
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