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LCL Completes Acquisition of Universal Freight Forwarders, Ltd.

Posted on: Thursday, 19 March 2009, 14:20 CDT

SEATTLE, March 19 /PRNewswire/ -- LCL today announced it has completed its acquisition of Universal Freight Forwarders, Ltd, (UFF) headquartered in Seattle. LCL acquired 80 percent of Universal in 2003 and purchased the remaining 20 percent in 2005. Once Universal was fully acquired, LCL began the transition of Universal into one of its 27 offices worldwide. As part of the acquisition agreement, former Universal owner and executive director, Susi Harris, will stay on as a consultant to LCL, to assist in completing the transition process.

"Universal was a great acquisition for us," said Jessica Winnett, LCL president, North America. "Susi had done an excellent job in building a highly respected freight forwarding business, well known for its customer service. It fits perfectly into the LCL model that stresses high levels of service around the globe and strong relationships with its customers and vendors. We're happy to have Susi's continued participation on our team as a consultant."

LCL was established in 2001 by Stockholm-based Lauritzen Cool to provide its customers with global supply chain solutions in the time-sensitive cargo and perishable products sectors. The acquisition of UFF means that Universal's strong fruit-producing customers in Eastern Washington, California and other regions of the U.S. are now tied into the customized, multi-modal and multi-destination, door-to-door logistic services provided by LCL.

"LCL is fortunate to be inheriting an excellent customer service staff who will continue the day-to-day contact with all of the company's customers and vendors," said Winnett. "We look forward to continuing and building on the strong relationships built up by this dedicated staff."

LCL is a specialized logistics subsidiary of world-known refrigerator vessel operator, NYKCool. The company provides logistical services for perishables and refrigerated cargo. In 2004, NYK Group purchased a major stake in Lauritzen Cool forming NYKLauritzenCool, and eventually NYKCool.

SOURCE LCL

Source: PR Newswire

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