After winning a bidding war with Manitoulin Transport, TransForce is buying the Canadian assets of Vitran Corp, TransForce announced Monday.
Alain Bédard, chairman, president and CEO of TransForce said: "We are delighted to have reached agreement with Vitran for what represents the acquisition of an important strategic asset for TransForce with considerable synergistic benefits in the near term and into the future. We are looking forward to leveraging the strengths of both companies to enhance our service offering for our customers and welcoming the Vitran employees to the TransForce team."
Just before Christmas, TransForce made a new offer to purchase rival Canadian carrier Vitran with some believing it would push Manitoulin Transport’s recent offer straight off the table. Turns out it did.
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