Total Logistic Control (TLC) (Acquired by Ryder 2010)

Note: This company is no longer trading as a separate enterprise.

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2010

December - Ryder System, Inc, announced it had signed an agreement to acquire Michigan-based Total Logistic Control (TLC), an independently run, wholly owned subsidiary of SuperValu. TLC was a leading provider of comprehensive supply chain solutions to food, beverage, and consumer packaged goods (CPG) manufacturers with significant supply chains in the U.S.

Ryder would acquire TLC for cash under a stock purchase agreement. The acquisition was expected to add approximately $250m in annual revenue to Ryder's Supply Chain Solutions business segment. The acquisition was anticipated to be accretive to Ryder's earnings per share in 2011, excluding one-time transaction costs. Subject to closing conditions and regulatory approvals, the acquisition was expected to close on December 31, 2010.

"Total Logistic Control is a well-known and highly regarded supply chain solutions provider in the demanding industry sectors that it serves. The company has a client-focused management team, operational expertise, and strong, deeply established relationships with blue chip Fortune 1000 clients operating in food, beverage and CPG, which are high-potential industry sectors that Ryder's Supply Chain Solutions business segment has targeted for growth," said Ryder's Chairman and CEO. "This acquisition expands our Supply Chain Solutions offering with firmly established, comprehensive food, beverage and CPG capabilities, to complement our suite of automotive, high-tech, industrial and retail groups. Additionally, the acquisition serves as an effective use of available financial leverage and is consistent with our direction for Ryder's long-term leverage targets."

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Total Logistic Control was previously owned by SuperValu Inc, a grocery distributor and retailer. TLC offers temperature-controlled and dry freight warehousing and distribution services. Its customer base includes the retail, grocery, consumer packaged goods and food industries. 

The company is based in Michigan and maintains a network of warehouses, predominantly in the Midwestern U.S.

In 2009 Supervalu's supply chain segment had revenues of $8.96bn.