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Healthy Exel.(purchase of Sode Distribuicao e Logistica by Exel Logistics)(Brief Article)
Exel is finding healthy logistics growth in supplying the burgeoning pharmaceutical industry.
The United Kingdom-based logistics giant capped a purchase-filled 2004 with another buy at the end of the year, acquired Portuguese pharmaceutical logistics provider Sode Distribuicao e Logistica.
Although a relatively small purchase, it adds to business Exel built up last year with buys that included the mega-buy of contract logistics company Tibbett & Britten. Exel officials have suggested they will try to integrate the purchases this year but the late-December acquisition in Portugal shows the company is hardly shy about pulling out its checkbook.
"The acquisition of SODILOG builds on our successful growth strategy across the globe and combined with ...
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