The Suddath Companies Acquires PenserSC; Expansion Strengthens Global Supply Chain Management and Logistics Portfolio
JACKSONVILLE, Fla. (Jan. 15, 2013) – Suddath Global Logistics LLC (SGL), headquartered in Jacksonville, Florida, announces the acquisition of PenserSC, a third party logistics (3PL) company that provides warehousing and logistics services. In line with the Suddath® strategic growth initiatives, this combination strengthens the company’s global supply chain management service portfolio.
“The acquisition of PenserSC further enhances our ability to support customers who need a full menu of logistics services for their distribution center and manufacturing activities,” said Barry S. Vaughn, chief executive officer of The Suddath Companies. “This is the second acquisition for our logistics division over the past six months, which demonstrates our commitment to strategic expansion in an effort to best serve our ever growing global customer base.”
Suddath Global Logistics will continue to offer domestic and international logistics, transportation, warehousing and distribution solutions with the addition of Penser’s established strengths in food, consumer goods, health care and manufacturing logistics. Penser provides a temperature-controlled LTL and truckload network, value-added manufacturing support services, food and FDA-certified facilities and operations, and advanced supply chain control systems.
“The PenserSC acquisition will allow SGL to offer a broader and more sophisticated range of asset and non-asset based logistics solutions to the marketplace and better leverage our existing national infrastructure to serve customers looking for traditional and value-added services,” said Mike Brannigan, executive vice president and chief operating officer of The Suddath Companies. “We look forward to adding Penser’s proven capabilities and management team to our service portfolio.”
With Penser, SGL adds additional warehousing capacity in Jacksonville, Orlando and Miami and now has more than 2.5 million square feet of warehouse space nationwide.
"We are very proud to become part of the Suddath Global Logistics family. SGL provides a solid international network in which PenserSC will thrive by adding advanced supply chain functionality,” said Shawn Barnett, former chief executive officer and newly appointed president of PenserSC, a division of Suddath Global Logistics. “SGL and Penser share a culture of award-winning service. We are confident we will continue a 105-year legacy of quality and innovation as part of this great organization.”
Both The Suddath Companies and PenserSC share modest beginnings as family-owned businesses with deep roots in Jacksonville. For more than a century, the O’Dell family has owned and operated PenserSC, which started as a food logistics and consumer goods company. Similarly, the Suddath family began providing relocation services in the early 1900s