NFI Acquires SDR Distribution
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NFI has acquired SDR Distribution Services, a multichannel provider of custom warehousing and distribution solutions, the company announced April 18.
NFI ranks No. 16 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.
SDR, based in Vaughan, Ontario, specializes in fashion, footwear and accessories. The company provides services in the U.S. and Canada. NFI said the acquisition will expand its customer base in the fashion and retail industry, and will double its distribution footprint in Canada.
“We are excited to have SDR join NFI and continue our growth in the Canadian market,” NFI CEO Sid Brown said. “The SDR acquisition brings additional blue-chip fashion and retail customers to our portfolio. With the combined expertise of both NFI and SDR, customers can expand in the U.S. with NFI’s existing footprint and access our other service offerings. We look forward to SDR’s impact on the future success of NFI.”
NFI entered the Canadian market with the acquisition of Dominion at the end of 2016. The company has since continued to expand its Canadian service offerings through acquisitions and organic growth. That includes freight brokerage, global freight forwarding, asset-based transportation and value-added warehousing and distribution. SDR brings its warehousing footprint to over 70 million square feet across the United States and Canada.
“NFI is a great fit for our associates because of our similar cultures and NFI’s deep commitment to their customers,” SDR CEO Glenn Nicodemus said. “The acquisition of NFI will bring added value to our customer relationships since SDR prides itself on being an expert in the fashion and apparel industry.” — Transport Topics
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