United Kingdom-based NFC plc, the parent company of Exel Logistics, has
agreed to sell its moving services to Clayton, Dubilier & Rice, Inc., the parent
company of North American Van Lines, for about $450 million.
NFC’s moving services business, Allied Pickfords, will be merged with North
American Van Lines. The combined business will be the world’s largest moving services
provider, with revenues of more than $2 billion and operations in 36 countries.
NFC will retain a 20-percent interest in the combined company.
NFC said that it will use the proceeds of the sale to accelerate the
development of Exel Logistics.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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