Ocean cargo company makes a new acquisition

Filed in archive merger and acquisition on September 4, 2008

Matson Integrated Logistics (MIL) has announced recently that made a new acquisition which will enable the company to offer highly competitive logistics services.

According to Logistics Management Magazine, Matson Global Distribution Services subsidiary (Matson Global) has completed the acquisition of Pacific American Services LLC (PACAM), a leading regional, asset-light warehousing, packaging, and distribution company, specializing in the value-added handling of domestic, import and export goods.

"Matson Global now has the ability to offer completely integrated solutions that involve many value added services without the additional time and cost," said Brian However, vice president and managing director, Matson Global. "These integrated solutions will differentiate us by continuing to improve the time to market for all of our customers."

However, the company officials commented that the acquisition is "critical" in going beyond the normal warehousing, distribution and transportation services for shippers.

With the addition of nearly one million square feet of warehousing and distribution space, PACAM provides service coverage for the entire Northern California distribution network, complementing Matson Global's recent expansion of 700,000 square feet of facilities in Savannah, Georgia.