Yusen Logistics announces strategic acquisition of Taylored Services

Yusen Logistics, a leading global supply chain provider, recently announced that it has acquired Taylored Services, a US multichannel 3PL fulfillment organization.

The transaction expands Yusen Logistics’ Contract Logistics Group’s warehousing network in key sales territories of the United States and strengthens its end-to-end supply chain portfolio with specialized services such as omnichannel retail, wholesale and e-commerce fulfillment.

Taylored Services becomes part of Yusen Logistics (Americas) Inc., the US operating company of Yusen Logistics Co., Ltd. and a subsidiary of NYK Group.

The purchase agreement includes 11 distribution centers strategically located near the ports of Los Angeles, Long Beach, New York/New Jersey, Savannah and Miami, and in Louisville, Kentucky, totaling approximately 2.9 million square feet of Tier 1 distribution space . The respective Yusen Logistics and Taylored Services names and brands will remain.

“We are deeply impressed by the people, performance and capabilities of Taylored Services, brought together over the past 10 years by its private equity owner Saybrook,” said Mikhail Kholyavenko, CEO of Yusen Logistics Americas.

“We are pleased to welcome more than 350 employees led by Matt Ennis, Taylored Services’ new President and CEO. By combining the strengths of Taylored fulfillment centers in port-centric US gateway markets with Yusen Logistics’ global and domestic capabilities in international freight forwarding, warehousing and transhipment, and supply chain orchestration, we are able to offer a full range of supply Offering chain logistics solutions to our current and future customers,” he said.

Jim DeVeau, former President and CEO of Taylored Services, will continue in an advisory role to support a smooth transition and provide ongoing advice to Yusen Logistics. Jim stated, “We are excited to join Yusen Logistics, a global logistics group with over 68 years of heritage. Taylored employees and customers will benefit from access to Yusen’s comprehensive global network and supply chain solutions, including international air and ocean freight forwarding and 4PL/Lead Logistics capabilities.”

Jonathan Rosenthal, Executive Chairman of Taylored, commended Yusen for his efforts, saying, “Mikhail and his team have shown exceptional dedication and understanding in handling this acquisition. We will do everything we can to ensure a smooth transition and successful outcome for our new friends at Yusen and our employee partners who have fueled the company’s five-fold growth.”

Yusen Logistics is a leading global supply chain company providing ocean and air freight forwarding, warehousing, distribution services and supply chain management.

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