ID Logistics, one of the European leaders in contract logistics, is announcing the completion of the acquisition of 100% of Kane Logistics in the United States.
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Acquisition of Kane Logistics
Kane Logistics is a pure player in contract logistics and value-added warehousing services founded in the United States in 1930 by the Kane family. Since 2019, Kane Logistics has accelerated its transformation to become a major player in American contract logistics, particularly with prestigious manufacturers in consumer goods, food and beverages, and retail specialists.
This transformation was led by management with solid operational experience acquired within large contract logistics companies such as Ryder or Jacobson Companies (logistics company based in the United States and acquired in 2014 by Norbert Dentressangle).
Kane Logistics has experienced revenue growth of +20% per year since 2019 to reach $235 million in 2021 and now operates 20 hubs across the country (particularly in Pennsylvania, Georgia, Ohio, Illinois and California) representing 725,000 m².
The acquisition of Kane Logistics is particularly relevant due to the proximity of corporate cultures, the complementarity of customer portfolios and potential commercial synergies with ID Logistics. Indeed, Kane Logistics presents a business model very comparable to that of ID Logistics: asset light approach, dedicated warehouses, solutions adapted to the specific needs of each client. The “key account” customer approach of the two companies also makes it possible to offer shared solutions in the United States and Europe.
By adding the Group’s existing activities in the United States, the new entity reaches a turnover of 350 million dollars pro-forma in 2021, has a diversified client portfolio in the consumer goods industry, retail and e-commerce. ID Logistics US now employs nearly 3,000 people and has good national coverage with 26 sites well distributed throughout the United States.
Appointment of Stan Schrader, new CEO of ID Logistics US
ID Logistics now relies on Kane Logistics teams to manage all of its activities in the United States.
Stan Schrader, Chief Commercial Officer of Kane Logistics, has been appointed CEO of ID Logistics US with the objective of maintaining a high level of organic growth and implementing the commercial synergies offered by this merger. Stan is particularly attentive to the quality of service delivered to his customers. He declares :
“I am particularly happy and motivated to lead this new business unit in North America. ID Logistics offers us a unique opportunity to pursue our development in our market and brings a strong complementary know-how to the activities of Kane Logistics. The proximity of culture and strategy between our two companies is simply amazing and represents a real guarantee of future success”