FOR IMMEDIATE RELEASE
SYRACUSE, NEW YORK, 20 NOVEMBER 2009—Mohawk Global Logistics announced today the acquisition of the business of local competitor, Diplomat Global Logistics. Financial terms of the transaction were not disclosed.
With this move, Mohawk strengthens its presence as the largest privately held freight forwarder and U.S. Customs brokerage firm in Upstate New York.
The acquisition will yield Diplomat’s additional freight volume, which the company will use to increase buying power with transportation carriers.
“We’ve escaped the pain that many of our competitors continue to struggle with by offering proficiencies in trade compliance and supply chain solutions,” says Gar Grannell, Mohawk’s President. “This is how we’ve managed such exceptional growth in recent years and how this acquisition became possible for us.”
Founded in 1970, Mohawk Global Logistics is made up of a team of international transportation and trade compliance specialists who work out of offices in Syracuse, Rochester, Albany, and Buffalo, New York. In recent years the company has been named one of the 50 Fastest Growing Companies in Central New York, Global Service Provider of the Year, and Export Service Provider of the Year.