CRST International says its purchase of Allied's Special Products Division will create the most extensive network of specialized distribution centers in North America.
CRST has purchased the Allied Special Products Division of Allied Van Lines, based in Fort Wayne, Ind. The company specializes in moving high-value products including motorcycles, medical products and office equipment. Terms of the deal have not been released.
CRST says the acquisition complements Specialized Transportation Inc., which it purchased in 2011. It describes STI as a leading provider of specialized van transportation, trade show support, first and final-mile logistics, white glove moving services, transportation management, warehousing and home delivery services--serving customers in the technology, healthcare, industrial, furniture, store fixture, telecommunications and financial services markets.
Together, CRST says STI and Allied Special Products Division will have the most extensive network of specialized distribution centers in North America. With the acquisition of Allied Special Products, STI’s 2013 revenue is projected to exceed $250 million.
“The acquisition of Allied Special Products Division will enable STI to further develop its distribution center network and provide better service and faster transit to its customers” said STI president Andrew Hadland. “For CRST and STI it means improved fleet utilization, greater network density and increased operating efficiencies.”