Celadon Expands Canadian Presence
May 22, 2013
Celadon Trucking Services announced it will acquire Hyndman Transport Limited, based in Wroxeter, Ontario, Canada.
A release from Celadon says Hyndman operates approximately 175 tractors and generated approximately $48 million in revenue in 2012, comprising both domestic Canadian shipments and international shipments between Canada and the United States. Additional terms and conditions of the transaction were not disclosed.
With this acquisition, Celadon says it will further expand its presence in Canada and continue to grow its international footprint. It will now have the 21-acre Hyndman terminal and facility in Wroxeter, while continuing to operate its Celadon Canada operation in Kitchener, Ontario.
Mike Campbell, Hyndman president, and Jeff Sippel, Hyndman CFO, will remain with Celadon and continue to manage this business under the direction and guidance of Celadon’s corporate team and long term strategies.