Daifuku Webb Group announces acquisition of Elite Line Services
Acquisition of Texas-based airport services provider would expand baggage handling business.
in the NewsState of Logistics 2016: Pursue mutual benefit 2017 AIA Board of Directors election results announced Evan Armstrong shares views on 3PL’s expanding role in returns Top 5 Trends in Enterprise Labeling U.S. West Coast ports continue to dominate More News
Daifuku Webb Holding Company, a subsidiary of Daifuku Co., Ltd., has reached an agreement with G&T Conveyor Company, Inc., to purchase all of the equity of Elite Line Services, LLC (ELS). G&T is majority owned by Brynwood Partners IV L.P., a private equity fund. ELS will operate as a wholly-owned subsidiary of Daifuku Webb within the Daifuku Group. The transaction is subject to final governmental approval under CFIUS regulations and is expected to be completed in the fourth quarter of fiscal 2012.
“The acquisition of ELS, one of the largest airport service providers in the U.S., will help us increase our baggage handling business by allowing us to offer comprehensive support and maintenance,” said Brian Stewart, President & Co-CEO of Daifuku Webb Holding Company. “It also shows our commitment of providing the best baggage handling systems and service in the industry.”
ELS has more than 800 employees that provide operations and maintenance support for baggage handling systems, passenger boarding bridges and ground support equipment. It is headquartered in Carrollton, Texas, and operates in over twenty of the nation’s busiest airports.
In April 2010, Daifuku Co., Ltd. launched a three-year business plan called “Material Handling and Beyond,” where it expressed a commitment to position the airport baggage handling business as one of its core businesses. Jervis B. Webb Company, a subsidiary of Daifuku Webb, provides airport baggage handling systems primarily in North America. In 2011, the Group completed the purchase of Logan Teleflex, another leading baggage handling company with locations in the United Kingdom, France and the U.S.
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
Automated Storage on the Move Receiving 101: Setting the Table for Success View More From this Issue