TFI Buying US 3PL DLS Worldwide For $225 Million
TFI International (NYSE: TFII ) will buy U.S. third-party logistics provider DLS Worldwide from RR Donnelley Sons (NYSE: RRD ) for $225 million in one of the Canadian company's largest acquisitions in recent years. TFI announced the acquisition Tuesday. It represents a major move by the Montreal-based company to scale its U.S.-based logistics business. Based in the Chicago suburbs, DLS Worldwide generated $550 million in revenue during a recent 12-month period, according to TFI. Once the acquisition closes, TFI said it expects DLS will generate $22.5 million in operating income in the first four quarters. To put the acquisition in perspective, TFI's logistics segment generated about $780 million in revenue … Full story available on Benzinga.com
TFI Buying US 3PL DLS Worldwide For $225 Million
TFI International (NYSE: TFII ) will buy U.S. third-party logistics provider DLS Worldwide from RR Donnelley Sons (NYSE: RRD ) for $225 million in one of the Canadian company's largest acquisitions in recent years. TFI announced the acquisition Tuesday. It represents a major move by the Montreal-based company to scale its U.S.-based logistics business. Based in the Chicago suburbs, DLS Worldwide generated $550 million in revenue during a recent 12-month period, according to TFI. Once the acquisition closes, TFI said it expects DLS will generate $22.5 million in operating income in the first four quarters. To put the acquisition in perspective, TFI's logistics segment generated about $780 million in revenue … Full story available on Benzinga.com