CSX to Buy Bulk Liquid Chemicals Transporter Quality Carriers
By Colin Kellaher
CSX Corp. on Wednesday said it agreed to buy Quality Carriers
Inc., the largest provider of bulk liquid chemicals truck
transportation in North America, from Quality Distribution Inc. for
an undisclosed amount.
The Jacksonville, Fla., provider of rail-based freight
transportation services said Quality operates a bulk tank trucking
fleet with around 2,500 drivers through a network of more than 100
company-owned and affiliate terminals and facilities in the U.S.,
Canada and Mexico.
CSX said it expects the deal will create a unique multimodal
chemicals transportation solution that will expand the reach of
Private-equity firm Apax Partners acquired Quality Distribution
in 2015 in a deal valued at about $800 million.
Write to Colin Kellaher at email@example.com
(END) Dow Jones Newswires
May 12, 2021 09:08 ET (13:08 GMT)
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