KAG purchases plastic resin transporter

Tanker transport company, Kenan Advantage Group (KAG), has acquired Northern Dry Bulk which specialises in transportation and storage of plastic resins in the U.S. and Canada.

As part of the transaction, professional drivers, technicians, and operational support members will join the KAG team. The company will also acquire 36 tractors, 91 trailers, two terminals with 2 maintenance bays, extensive warehouse space and transloading capabilities.

“The acquisition of Northern Dry Bulk establishes a definitive entrance into the dry bulk transportation business for our company and perfectly aligns with our strategic growth initiatives to expand into new end markets,” said KAG Executive Vice President of Specialty Products, John Rakoczy. “The transaction also fulfils the needs of many of our current liquid bulk customers who also manufacture and distribute dry bulk materials.”

Northern Dry Bulk, which is headquartered in Michigan, began in 1994 with one truck.

“Over the years we have become one of the most respected leaders in deliveries of plastic resins in the chemical manufacturing industry,” said Owner and President of Northern Dry Bulk, Tom Kunse. “By joining forces with KAG, both of our current and future customers will benefit from our shared knowledge, geographic footprint and assets in a marketplace positioned for significant growth opportunities.”

In other news, an international logistics company has added 200 refrigerated semi-trailers to its fleet.

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