Jacobson Companies Acquires Hong Kong based CGL Ltd.
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Establishes International 3PL Platform in Asia Pacific
Des Moines, IA - (January 21, 2011) - JHCI Holdings, Inc., parent of the Jacobson Companies, a
leading 3PL logistics provider, today announced the acquisition of Chimerica Global Logistics, Ltd.
(CGL), a logistics service company headquartered in Hong Kong with subsidiary operations in
mainland China.
The acquisition is another exciting step for Jacobson Companies in expanding its International
Logistics capabilities. Earlier this month, Jacobson announced the formation of its new international
operations business entity, Jacobson Global Logistics, Ltd. (JGL), registered in Hong Kong. CGL
will be fully integrated into JGL, offering seamless end-to end-logistics services in Hong Kong and
China. Jacobson Global Logistics will provide a full range of international logistics services to and
from the United States and within Asia, including freight forwarding (ocean and air), PO
management, buyer's consolidation, origin value-added services, bonded warehousing, and
deconsolidation, in addition to international multi-modal transportation services.
The CGL team has provided logistics services for several Fortune 500 companies in China since
starting in the logistics sector in 1999. Currently employing a staff of more than 300, the company
has a well-established infrastructure in Hong Kong, Shanghai, Shenzhen, and major distribution
hubs and agent offices in the USA and Australia. CGL's forte is designing and operating custom
tailored logistics services including ocean and air freight service, origin value-added services for
retailers, buyer's consolidation, vendor managed inventory (VMI), and warehousing among many
other supply chain related services.
"China is a core market in our Asia development plans," said Brian Lutt, President and CEO of
JHCI and Jacobson Companies. "CGL fits to a very high degree into our geographic and industry
vertical strategy with its China base and retail industry focus. We are excited to have CGL's
management team joining Jacobson Global Logistics and expect the seamless integration of
operations into Jacobson Companies during the first quarter."
"With Jacobson Companies' strong presence in the United States, coupled with capabilities in Asia
provided through JGL and its wholly owned subsidiaries, we are pleased that with this acquisition
we will provide seamless end-to-end services in a true 'one stop shop'," said Peter Knapp
President of Jacobson Global Logistics.
