TORONTO, Feb. 28, 2012 /CNW/ - Livingston International has signed a
purchase agreement to acquire the assets of Dell Will Customs Brokers
Inc., Livingston's president and CEO, Peter Luit, announced today.
Canadian Dell Will Customs Brokers Inc. is a strong local customs broker
with approximately 40 employees based in Windsor, Ontario. If
completed, the acquisition would give Livingston even greater traction
in the Detroit-Windsor corridor, the busiest border crossing between
the United States and Canada. This transaction fits into Livingston's
business strategy to bolster its platform and leadership position in
Under the terms of the purchase agreement, Livingston would acquire the
assets and client relationships of Dell Will Customs Brokers Inc. The
transaction also includes select assets of sister company Dell Will
Customs Brokers (USA) Inc., such that services currently performed by
the U.S. entity on behalf of customers of the Canadian entity would
move to Livingston International. No other assets of Dell Will Customs
Brokers (USA) Inc. are included in the transaction.
The parties involved in this purchase agreement are in the process of
finalizing certain legal formalities and other details. Assuming that
these conditions can be met in the weeks ahead, Luit and Canadian Dell
Will Customs Brokers Inc. president, Rich Will, anticipate that the
transaction could close by mid-March 2012.
A leading North American customs broker, Livingston International also
offers customs and international trade consulting services as well as
international freight forwarding across North America and around the
globe. With its U.S. air/sea hub located in Chicago and regional
centers in Los Angeles, New York and Norfolk, Livingston is also a
dominant customs broker along the U.S.-Canada border. Across North
America, Livingston employs over 2,300 employees at approximately 100
key border points, seaports, airports and other strategic locations.
SOURCE Livingston International Inc.
For further information:
1-800-387-7582 ext. 3109