Skip to content

Mullen Group signs deal to buy logistics company ContainerWorld

2024011708010-f85f6f4977937749827a439ffb4cdc7e7fc0adf0fcdbe51957af4b336ce025cd

OKOTOKS, Alta. — Mullen Group Ltd. says it has signed a letter of intent to buy logistics company ContainerWorld Forwarding Services Inc.

Financial terms of the agreement were not immediately available.

ContainerWorld offers international and domestic wine, beer and spirits producers inventory management, freight forwarding, warehousing and distribution services.

It is based in Richmond, B.C., and has a network of customs and sufferance bonded warehouses.

The company will operate within Mullen Group's logistics and warehousing segment.

The deal is scheduled to close in the second quarter, subject to regulatory approval and closing conditions.

This report by The Canadian Press was first published Jan. 17, 2024.

Companies in this story: (TSX:MTL)

The Canadian Press

push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks