Target Logistics Buys New York Freight Forwarder

reight forwarder Target Logistics said Thursday it has acquired Discovery Air Cargo, a freight forwarder that operates in the New York area.

Terms were not disclosed, though the acquisition is expected to add $7 million in annual revenues to Target, the company said.

“This transaction is a continuation of our acquisition strategy,” said Stuart Hettleman, Target’s chief executive officer.

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