Tailored Services Joins Yusen Logistics Inc., the US Subsidiary of NYK Group

(Image Source: Yusen Logistics)

At the beginning of March, one of the leading logistics providers Yusen Logistics announced its acquisition of Taylored Services, a U.S multichannel 3PL fulfillment organization. The deal will allow Yusen Logistics to get access to automation solutions provided by Tailored Services and enhance its retail solutions portfolio. 

The purchase agreement includes 11 distribution centers located near big cities in the U.S. It means a total of 2.9 million square feet of Tier 1 distribution space on the East and West Coasts. Yusen Logistics is operating over 631 offices in 47 countries and regions worldwide with more than 24,000 employees. The subsidy in the US has 1900 employees and 40 operational sites. 

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"We are excited to welcome 350+ 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." Mikhail Kholyavenko, CEO of Yusen Logistics Americas shared.

Tailored Services was founded in 1992, based in New Jersey, and operates as a multichannel logistics provider. It was later acquired by private equity firm Saybrook based in Los Angeles, California back in 2012. Tailored Services will still be managed by Jim DeVeau, the prior President and CEO for a smooth transition. 

"We are delighted to join Yusen logistics, a global logistics group with over 68 years of heritage. Taylored employees and customers will benefit from access to Yusen’s extensive global network and supply chain solutions including international air and ocean freight forwarding and 4PL/Lead Logistics capabilities," said Jim DeVeau, ex-President & CEO of Taylored Services.

Source: Yusen Logistics announces strategic acquisition of Taylored Services to accelerate contract logistics capabilities in the U.S.

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