Mullen Group acquiring International Warehousing & Distribution
OKOTOKS, AB — Mullen Group Ltd. has entered an agreement to acquire International Warehousing & Distribution Inc.
Mississauga-based IWD provides customs sufferance warehousing services, air import/export deliveries along with full container deliveries in the Greater Toronto Area. IWD uses a dedicated group of contractors that provide pick-up and delivery service in the GTA.
The company anticipates a fourth quarter 2020 closing, subject to the completion of conditions.
“The acquisition of IWD aligns with our strategy of investing into businesses that support the consumer part of the economy,” said Murray K. Mullen, chairman and CEO of Mullen Group. “More importantly, this acquisition demonstrates our focus on building out our logistics and warehousing network in the largest metropolitan area in Canada where over seven million consumers live, namely the GTA.”
Mullen Group is a logistics company that owns a network of independently operated businesses. The company provides specialized services related to the energy; mining; forestry and construction industries in western Canada; including water management; fluid hauling and environmental reclamation.