ConGlobal Industries, Inc. Announces Acquisition

Press Release
Thursday, December 20, 2012

ConGlobal Industries, Inc. (CGI) announced that it has reached an agreement to acquire the business and assets of Refrigerated Container Services (RCS) Group from Carrier Transicold.

 

The change in ownership will take place once the transaction is closed, which is expected to occur on January 1, 2013. RCS specializes in refrigerated container services, parts distribution, tank servicing, and global ship spare parts management services.  RCS has facilities in five U.S. locations, including Houston, TX; Los Angeles, CA; Miami, FL; Newark, NJ; and Oakland, CA.



"We have always admired the RCS Group for their exceptional technical capabilities, depth of experience, and professionalism.  The acquisition of RCS will be an excellent complement to our company, allowing CGI to expand our refrigerated service offerings and become the largest independent refrigerated container parts distributor in the world," said Mike Baldwin, President and CEO, ConGlobal Industries.  "By combining the strengths of both RCS and CGI, I am truly excited about the unequaled service and value we will be able to deliver to our customers globally," Baldwin continued. "Our intent is to make this transition not only seamless to our customers, but also to provide a positive experience for everyone impacted by this announcement including our customers, employees, and suppliers."

 


People & Company News

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

Why Maritime Museums Matter

With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask,

Container Ships

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

Asia’s Biggest Container Shipper Posts Loss

Asia’s largest container shipping company China Cosco Holdings Co  posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn

Marine Equipment

Danish Maritime Authority Supports Maritime Cultural Days

The Danish Maritime Authority's buoy tender ’POUL LØWENØRN’ will be alongside in Korsør in connection with the Maritime Cultural Days. The vessel will be open to visitors throughout Saturday,

ABS Makes it Safer to ‘Walk to Work’

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers.

Damen Trading Sale hits 500th Vessel

30 years and 500 vessels later, Damen Trading is just getting started. Damen Trading’s story begins in 1986, with Damen Shipyards Group responding to growing market demand for used vessels.

Mergers & Acquisitions

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

Seaspan Raises $80 Mn from Shares Sale

Seaspan Corporation announced today the close of the sale of its previously announced public offering of 3,200,000 8.20% Series G Cumulative Redeemable Perpetual

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1077 sec (9 req/sec)