DHL Finalizes Purchase of Mayne Logistics Loomis; Newly Combined Company Commands Third Largest Share of Canada's Express Transportation Market.Business Editors TORONTO--(BUSINESS WIRE)--Jan. 31, 2003 DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Worldwide Express, the global market leader of the international air express industry, announced today the completion of its purchase of Mayne Logistics Loomis. Under the DHL Canada banner, the newly combined company will become the third largest express transportation provider in Canada. The acquisition is in step with DHL's plans for expansion of its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. presence. Eric de Maat, existing President of DHL Canada, will assume this role for the newly reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. company effective today. Representatives from both DHL and Loomis will lead the combined organization. Commenting on the strengths of the new entity, de Maat noted, "We are confident that the integration of DHL's extensive global express network with the strong Canadian infrastructure built by Loomis, will result in a dynamic organization with the depth and breadth of experience and resources to serve and grow the Canadian express and logistics market." Today's announcement will enable DHL to dramatically expand its Canadian domestic market share and improve cross-border service performance with the U.S. In addition, the new DHL Canada will offer customers a complete, 'one-stop-shop,' with domestic and international transportation services. About DHL Worldwide Express DHL Worldwide Express is the global market leader of the international air express industry. An established innovator since pioneering the industry in 1969, DHL continues to be at the forefront of technology, offering fast, responsive, and cost-effective, express deliveries in addition to e-commerce fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. and intelligent logistics solutions. The DHL network links over 120,000 destinations in more than 220 countries and territories, and employs 71,000 people. Additional information can be found at www.dhl.com. DHL is owned by Deutsche Post Deutsche Post AG (ISIN: DE0005552004, LSE: DPO) is a German post, logistics and courier headquartered in Bonn, previously the German state-owned mail monopoly. It has 520,000 employees in more than 220 countries and territories worldwide and generated revenue of € 60. World Net. About Mayne Logistics Loomis Providing courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. service in Canada for more than 100 years, Mayne Logistics Loomis is one of Canada's largest time-critical courier services. With corporate headquarters in Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen , Mayne Logistics Loomis employs more than 3,000 people across the country. Additional information can be found at www.loomiscourier.com |
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