Yusen Logistics on Thursday said it acquired ownership of Taylored Services, an Edison-based multichannel third-party logistics fulfillment organization. The deal expands Secaucus-based Yusen’s Contract Logistics Group’s warehouse network in key distribution areas of the U.S. and further strengthens its end-to-end supply chain portfolio with specialized services, such as omnichannel retail, wholesale and e-commerce fulfillment.
As per the merge, Taylored Services will become part of Yusen Logistics (Americas) 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, as well as in Louisville, Kentucky, totaling approximately 2.9 million square feet of distribution space. The respective Yusen Logistics and Taylored Services names and brands will remain in place.
“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,” Mikhail Kholyavenko, CEO of Yusen Logistics Americas, said. “We are excited to welcome 350-plus employees, who will be led by Matt Ennis, the new president and CEO of Taylored Services. Combining the strengths of Taylored fulfillment centers in U.S. port-centric gateway markets with Yusen Logistics’ global and domestic capabilities in international freight forwarding, warehousing and transloading operations, and supply chain orchestration will allow us to provide a full suite of supply chain logistics solutions to our current and future customers.”
Jim DeVeau, the prior CEO and president of Taylored Services, will be staying in an advisory role to support a smooth transition and provide ongoing guidance to Yusen Logistics.