Logistics firm buyout centered on California warehouse

Logistics firm buyout centered on California warehouse An Ohio logistics company with an eye toward expansion in the California market said Monday it has purchased third-party distributor Olson Co. for an undisclosed sum.
   Columbus-based ODW Logistics said a key part of the deal was a Chino warehouse owned by Olson, which the firm expects to boost ODW's revenues to $65 million.
   “Some of our customers said they’d love to have us out west,” ODW President John Ness told the Columbus Dispatch. “We’ve got $20 million of new business in the pipeline in the next three years in California.”
   ODW also picks up Olson's 275,000-square-foot headquarters/warehouse facility in Waukesha, Wis., a 340,000-square-foot warehouse in Melrose Park, Ill. and a 100,000-square-foot warehouse in Indianapolis, Ind.
   ODW also picks up Olson's headquarters facility in Waukesha, Wis., and additional warehouse space in Melrose Park and Indianapolis, Ind.
   The 35-year-old ODW employees about 600 workers and will absorb most of Olson's 110 employees. ODW also has an Internet-fulfillment operation, a trucking company and a contract-services division with operations in Ohio, Illinois, Michigan and Texas.