Ryder To Acquire Impact Fulfillment Services; Will Add Contract Packaging and Manufacturing Capabilities - Seite 2

Ryder will integrate the IFS facilities and operations into its supply chain solutions business, including nine multiclient and six dedicated customer operations, totaling just under four million square feet. To ensure a seamless experience for customers, Ryder plans to retain IFS’ workforce of approximately 1,000 full-time employees. President of IFS Rob LeBaron will join Ryder as vice president of contract manufacturing and packaging.

“As we considered the next step in our growth strategy, it became clear that joining Ryder would open doors in just about every industry vertical while allowing our marquee customer base to leverage Ryder’s comprehensive suite of services,” says LeBaron.

Founded 25 years ago, IFS specializes in contract manufacturing, contract packaging and assembly, display engineering, product launches, multichannel programs, and club store programs.

“IFS was built on trust, saying what we do and then doing what we say,” says IFS Founder Todd Porterfeld, who plans to retire. “It’s the people who come to work every day determined to deliver on the promises we make that have led to our success. Thinking about the future, I want to ensure our employees are in a place where they can continue to grow, and our customers are in the best possible hands. I believe Ryder is that place.”

Blank Rome LLP is acting as Ryder’s legal counsel for the transaction. Wofford Advisors LLC and Paul Hastings LLP are representing IFS.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmental stewardship, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com