Saltchuk Resources to Acquire Interstate Distributor Co.
Interstate Distributor Co. announced that the 78-year-old trucking company owned by the McLean family has agreed to be acquired by Saltchuk Resources based in Seattle
Interstate Distributor Co. announced that the 78-year-old trucking company owned by the McLean family has agreed to be acquired by Saltchuk Resources based in Seattle.
Renee Trueblood, senior vice president of human resources for IDC, said May 2 is the anticipated closing date for Saltchuk's acquisition of IDC.
"What we are hearing is that Saltchuk plans to let us operate as our own operating company," Trueblood said. "There are no plans to change the color of the trucks, the name of the company. Our drivers will continue doing what they've been doing."
Trueblood said IDC has been actively marketing itself for a while now and the deal was brokered by Cascadia Capital LLC, in Seattle. She also said Saltchuk has already made cash available to IDC to help rebuild the company's contract carrier base, which has fallen off in the past few years.
Saltchuk, a multi-mode logistics company, has more than 5,000 employees in 20 different operating companies in the transportation, real estate and energy industries.
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