The acquisition is expected to add approximately $250m in annual revenue to Ryder’s Supply Chain Solutions business segment, and be accretive to Ryder’s earnings in 2011.

Former TLC President & CEO Peter Westermann and members of the entire TLC organization will continue to work and serve clients in similar roles as part of Ryder’s Supply Chain Solutions business segment.

The TLC business will now operate as Ryder Supply Chain Solutions’ consumer packaged goods industry group. TLC provides clients a broad suite of services, including distribution management, contract packaging services and solutions engineering.

Ryder’s Supply Chain Solutions business segment enables clients to improve shareholder value and their customers’ satisfaction by enhancing supply chain performance and reducing costs. TLC is a provider of supply chain solutions to food, beverage, and consumer packaged goods manufacturers.

Greg Swienton, chairman and CEO of Ryder, said “TLC has all the elements to help us accelerate our capabilities and growth prospects in a high potential industry sector that we have been targeting for expansion. We are pleased to be able to utilize Ryder’s solid financial position and available leverage to make this important investment in our future.”

Mr Westermann said: “As part of Ryder, our team looks forward to delivering even more value to our clients, including lean principles, advanced logistical engineering, continuous improvement, and leading dedicated contract carriage and transportation management services that will help strengthen our existing clients’ performance.”

Will the acquisition add better capabilities to Ryder’s supply chain portfolio?

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