HARTLAND, NB, Jan. 7 /CNW/ - The Day & Ross Transportation Group, a
wholly-owned division of McCain Foods Limited, announced today the signing of
an Asset Purchase Agreement for the acquisition of Wesbell Logistics Services,
a division of The Wesbell Group of Companies Inc.
The transaction is subject to the completion of due diligence, customary
clearances required from the Competition Bureau and Transport Canada and the
signing of definitive agreements. Terms were not disclosed.
"Day & Ross is committed to the expansion and enhancement of our services
throughout North America and our outstanding team has positioned us very well
to take this next growth step," said John Doucet, president and CEO. "In
Wesbell Logistics, we have found an attractive strategic asset with a
like-minded partner who shares our values and our commitment to the
highest-quality service. They have a stellar reputation and management team,
long-term customer relationships and a relentless commitment to on-time
execution. We are acquiring Wesbell Logistics as a going concern and will
merge their operations with the Day & Ross Dedicated Transportation business
under the leadership of Paul C. Mazze, currently the Vice-President and
General Manager of Wesbell Logistics. Paul will work alongside Wayne Morin at
Day & Ross to integrate these two great teams into a single strong unit
focused on offering an optimal blend of transportation services to our
customers. The combination of Wesbell Logistics' Eastern Canada multi-client
distribution network with Day & Ross' cross-Canada network positions us well
for continued growth as the low-cost transportation supplier."
Wesbell Logistics offers dedicated contract carriage and value-added
parts distribution, the fastest growing segment in the trucking industry.
Wesbell Logistics also offers complementary services such as warehousing and
route management that deepen its relationship with customers.
"We are proud of the way that we have nurtured and grown Wesbell
Logistics into the company it is today," commented Paul N. Mazze, president
and CEO of The Wesbell Group of Companies. "We have succeeded over the past
forty years by putting customers first and I believe that this merger with Day
& Ross will ensure that customers continue to be well-served by a company
focused on and deeply knowledgeable about their distribution needs. We have
always believed that our dedicated transportation division had the potential
to grow, but with our desire to focus on other core areas of our business we
felt that the best means to leverage the distinct advantages of Wesbell
Logistics was through a combination with a great strategic partner. I'm
confident that the combination of Day & Ross and Wesbell Logistics will prove
powerful for our customers and that they will be able to count on a smooth
transition and a strengthened team dedicated to customer service excellence."
The Wesbell Group of Companies Inc. is a privately-held Canadian company
based in Mississauga, Ontario, with three primary lines of business: Wesbell
Technologies, Wesbell Logistics Services and Wesbell OEM Quality Assurance.
From each division's inception, The Wesbell Group of Companies Inc. has
maintained its reputation of customer service excellence amongst its clients.
Wesbell Logistics Services provides custom tailored transportation and
distribution solutions as well as a unique blend of services that are customer
specific and cost effective.
About Day & Ross:
Established over 50 years ago, The Day & Ross Transportation Group -
operating as Fastrax, Sameday, Target Canada (International), Day & Ross
(General Freight), Day & Ross (Dedicated Contract Logistics) and Sable
Warehousing - has grown to become one of the largest national transportation
companies in Canada. The Company offers TL, LTL, warehousing, load brokerage,
dedicated and air both domestically and internationally. Service is provided
anywhere in Canada and to and from the United States through a strategic
alliance with exclusive marketing partners. Operations are also offered to and
from Mexico. Based in Hartland, New Brunswick, Day & Ross is a wholly-owned
division of privately-held McCain Foods Limited and has been recognized as one
of Canada's 50 best managed companies.
For further information:
For further information: Susan Rogers, (416) 955-1713,