ConGlobal Industries, Inc. Announces Acquisition
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."