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Ryder to Acquire 15 Impact Fulfillment Services Operations.

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Vincent

MANews-(C)2009-2023

US-based transportation and fleet management solutions provider Ryder System, Inc. (NYSE: R) has agreed to acquire all of the outstanding equity of contract packaging provider IFS Holdings, LLC, (also known as Impact Fulfillment Services), the company said.

The transaction is expected to add approximately USD 250m in annual total revenue to Ryder's supply chain solutions business segment and be accretive to shareholders.

IFS specializes in contract packaging, contract manufacturing, and warehousing for some of the largest and best-known consumer brands in the United States, primarily in the consumer packaged goods, retail, and healthcare industries.

As part of the transaction, Ryder will acquire 15 operations across Florida, Georgia, Illinois, North Carolina, Ohio, Pennsylvania, Texas, Utah, and California.

Ryder will integrate the IFS facilities and operations into its supply chain solutions business...

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