North American logistics company, Kenan Advantage Group Inc. (KAG), has diversified its business to include the specialised delivery of liquid bulk chemicals in tankers and ISO containers, with the acquisition of MC Tank Transport, Inc.
Ohio-based MC Tank operates from eight terminal locations and three ISO container depots throughout the United States’ Southeast and Midwest, delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals.
“This acquisition marks a key milestone in KAG’s continued growth and solidifies our commitment to delivering innovative, specialised solutions to our chemical customers,” said KAG CEO, Charlie DeLacey.
“By combining the strengths of MC Tank with our existing fleet and network, we are enhancing our capabilities to offer not only premier chemical transportation but also ISO container storage, transport, and related services to meet the evolving demands of our customers’ supply chains,” he added.
As part of the transaction, KAG will expand its current fleet to include 100 tractors and 500 trailers/chassis. The three ISO depots will provide container services, including storage, steaming, washing and maintenance.
KAG will also integrate approximately 175 drivers and 70 operational and administrative members from MC Tank.
“KAG is the perfect partner to provide MC Tank with the resources and know-how to expand our footprint, capabilities, technology, and services,” said MC Tank President, Michael Anderson.
“We are far from done implementing our vision and accomplishing the goals we have set for our organisation. We are tremendously excited for the opportunity to join the KAG team.”
In other news, trailer orders in the US hit a two-month high.
