Brief: Ryder To Acquire Impact Fulfillment For About $250 Mln

Ryder System

23/10/2023 12:00

Oct 23 (Reuters) - Ryder System Inc  R.N :
    * RYDER TO ACQUIRE IMPACT FULFILLMENT SERVICES; WILL ADD
CONTRACT
PACKAGING AND MANUFACTURING CAPABILITIES
    * RYDER SYSTEM INC - PLANS TO RETAIN IFS' WORKFORCE OF ABOUT
1,000
FULL-TIME EMPLOYEES
    * RYDER SYSTEM-AS PART OF DEAL,CO TO ACQUIRE 15 OPERATIONS
ACROSS
FLORIDA, GEORGIA, ILLINOIS, NORTH CAROLINA, OHIO, PENNSYLVANIA,
TEXAS, UTAH, CALIFORNIA
    * RYDER SYSTEM INC -  TRANSACTION IS EXPECTED TO BE
ACCRETIVE TO
SHAREHOLDERS
    * RYDER SYSTEM INC - RYDER AND IFS EXPECT TO COMPLETE
TRANSACTION
IN EARLY NOVEMBER 2023
    * RYDER SYSTEM INC: DEAL EXPECTED TO ADD ABOUT $250 MILLION
IN
ANNUAL TOTAL REVENUE TO CO'S SUPPLY CHAIN SOLUTIONS SEGMENT, BE
ACCRETIVE TO SHAREHOLDERS

Source text for Eikon:  ID:nBw32GpVMa 
Further company coverage:  R.N 

 ((Reuters.Briefs@thomsonreuters.com;))