LDI Company Acquires English BusinessPosted: Updated:
An operating company of Indianapolis-based LDI Ltd. has purchased Bellville International Ltd. in England. OIA Global says the acquisition expands its global network into 14 additional countries.
September 18, 2013
Portland, Oregon -- OIA Global, a leading worldwide transportation, supply chain management and packaging solutions provider, announced today that it has purchased majority control of Bellville International Ltd., a global provider of freight forwarding and logistics services headquartered in London, UK. Bellville International is the holding company for Bellville Rodair International in Europe, USA, China and Brazil. Financial terms of the transaction were not disclosed.
"This acquisition is very strategic for our company. We've searched extensively for the right partner in Europe, and are delighted with the outcome," said Charlie Hornecker, CEO of OIA Global. "This acquisition expands our global network by 22 company-owned offices, serving 14 additional countries, which positions OIA to better serve our growing international client base, particularly in Europe where Bellville has a strong presence," he added.
"As part of the growing OIA Global family, our clients will also benefit greatly from the acquisition," said Terry Walpole, Chairman of the Bellville Rodair Group. "OIA's well-established global network and suite of transportation, warehousing, distribution and global packaging solutions, combined with our particular expertise in energy, automotive and fashion logistics, is a win/win for both OIA and Bellville clients alike," he added.
"Bellville has built its business by delivering reliability, high-touch customer service and trust, resulting in strong working relationships with our clients," said David Ower, Managing Director of the Group, "OIA's similar commitment to overall professionalism and client service was a major part of what attracted us most to OIA," he added.
"As we all know, it's the people who matter most and we are happy to report that Bellville’s senior management team will become part of OIA's executive team. We welcome all Bellville employees to OIA," Hornecker added.
About LDI, Ltd.
LDI, Ltd. is a closely held, value-added investment company based in Indianapolis. Originally founded in 1912 to manufacture corrugated boxes, LDI has since acquired and developed interests in distribution, manufacturing and logistics businesses. Current holdings include Tucker Rocky, a distributor of premier power sport parts, accessories and apparel brands, and OIA Global, a third-party logistics provider delivering to clients a unique combination of global logistics, supply chain management and creative packaging solutions.
Source: LDI Ltd.