CP Ships closes on acquisition of ROE Logistics
London-based CP Ships Ltd. has closed on its acquisition of Montreal-based ROE Logistics, first announced March 23.
The acquisition is part of CP Ships’ plan to selectively develop logistics services as a way of “leveraging strong regional positions and adding value to core container services”, the carrier said.
CP Ships said ROE, a family-owned business, was founded in 1979 and has offices in Montreal, Toronto, Calgary and Vancouver with gross revenues (excluding customs duty and tax) of $27 million. It specializes in providing a range of freight forwarding, customs brokerage, logistics, warehousing and distribution services.
Robert Elvidge, founder and current owner, will remain as chief executive officer, said CP Ships.
CP Ships closes on acquisition of ROE Logistics
