Kenco, a third-party logistics provider, on Monday announced the acquisition of Drexel Industries’ 3PL business. Drexel Industries’ four physical locations and 100 associates will transition to Kenco, expanding its Canadian presence in a key logistics hub.
Drexel Industries’ four warehouses, all located in London, Ontario, are equidistant from Toronto, Detroit and Buffalo, N.Y., operating as multi-client distribution spaces in a campus-like environment, enabling resource sharing and more flexible operations. Kenco will also leverage Drexel Industries’ co-packing and co-filler expertise to further enhance its service offerings.
“As Kenco continues to grow, we’ve looked for opportunities to better serve our existing customers across Canada,” said Denis Reilly, president and CEO at Kenco. “With Drexel Industries joining the Kenco family, customers of both brands will gain access to a broader network of warehouses and logistics services.”
For more than a decade, the family-owned Drexel Industries has helped both B2B and B2C brands distribute their goods internationally. The 3PL offers a wide range of services including warehousing, fulfillment, Amazon FBA prep, brokerage services and reverse logistics.
“Culturally and operationally, Kenco is a perfect fit with our 3PL business,” said Jason Salmon, chief executive officer at parent company Drexel Industries. “Our teams share the same vision: to lift the complexities of logistics management off our customers, so they can focus on core competencies. Blending Kenco’s automation and technology resources with our Canadian market knowledge and warehouses’ proximity to key markets, we’ll empower businesses across North America to reach new levels of distribution efficiency."