The West Chester, Ohio-based company operates from eight terminal locations and three ISO container depots throughout the Southeast and Midwest, US, delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals.
As part of the transaction, KAG will welcome approximately 175 professional drivers and 70 operational and administrative members to their team while also growing their fleet by acquiring 100 tractors and 500 trailers/chassis. The ISO depots also provide container services, including storage, steaming, washing, and maintenance.
âThis acquisition marks a key milestone in KAGâs continued growth and solidifies our commitment to delivering innovative, specialised solutions to our chemical customers,â stated Charlie DeLacey, Chief Executive Officer of KAG.
âBy 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 customersâ supply chains,â DeLacey continued.
READ: ITI acquires Konecraneâs largest mobile harbour crane
âKAG is the perfect partner to provide MC Tank with the resources and know-how to expand our footprint, capabilities, technology, and services,â stated MC Tankâs President Michael Anderson.
âWe 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.â
Last week, GL Terminal, an East Jakarta-based logistics provider, acquired a 30 per cent stake in Envilog, a digital platform connecting port terminals, depots, trucking providers, and Customs across Indonesia.