The acquisition will further bolster Ryder’s
e-commerce solution for B2B and B2C brands in high-value verticals
including health, beauty and cosmetics, and fashion and apparel
Ryder System, Inc. (NYSE: R), a leader in supply chain,
dedicated transportation, and fleet management solutions, announces
it has acquired Dotcom Distribution, a provider of omnichannel
fulfillment and distribution services for high-growth retail and
e-commerce brands specializing in health, beauty and cosmetics, and
fashion and apparel.
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the full release here:
https://www.businesswire.com/news/home/20221101006080/en/
Ryder acquires Dotcom Distribution, a
provider of omnichannel fulfillment and distribution services for
high-growth retail and e-commerce brands specializing in health,
beauty and cosmetics, and fashion and apparel. (Photo: Business
Wire)
With the acquisition, Ryder continues to expand its
e-fulfillment network with the opportunity to add an impressive
roster of consumer brand names and increase its national footprint
with the addition of a 400,000-square-foot multiclient fulfillment
facility in Edison, New Jersey. Additionally, Dotcom Distribution’s
experienced leadership team, including founder and CEO Maria
Haggerty, and the company’s operations team, totaling approximately
100 full-time employees, will join Ryder to ensure a seamless
transition for customers.
“Dotcom Distribution has been doing e-fulfillment since
e-commerce was still in its infancy. Maria and her team bring 22
years of knowledge, expertise, and experience in helping customers
weather market fluctuations. That’s a big benefit for Ryder,” says
Steve Sensing, president of supply chain solutions for Ryder. “This
acquisition also affords us the opportunity to expand our
e-fulfillment portfolio in new industry verticals in health, beauty
and cosmetics, which is in line with our larger strategy to grow
and diversify our portfolio.”
“We chose Ryder for its nearly 90 years of logistics expertise,
its sophisticated fulfillment, distribution, and transportation
network, and commitment to staying at the forefront of innovation –
all of which deliver the speed-to-market, scalability, and elevated
brand experience that our customers expect,” says Haggerty.
Earlier this year, Ryder announced the acquisition of another
e-commerce and omnichannel fulfillment provider, Whiplash. The
company had established itself as a leading national provider of
scalable solutions to more than 250 digitally native brands and
omnichannel retailers, backed by a proven e-commerce technology and
operating platform.
“We look forward to welcoming Dotcom Distribution’s customers
into the Ryder family of brands and capitalizing on the synergies
created with the acquisition, as well as the improved scalability,
flexibility, and speed-to-market that our omnichannel and
e-commerce fulfillment technology delivers,” says Jeff Wolpov,
senior vice president of Ryder E-commerce by Whiplash.
Ryder’s e-commerce and omnichannel fulfillment solution now
delivers to 100% of the U.S. within two days and 60% of the U.S.
within one day.
For the Dotcom Distribution transaction, Wofford Advisors LLC
acted as strategic advisor and Gunster acted as legal counsel for
Ryder. G2 Capital Advisors acted as exclusive financial advisor and
Stradley Ronon served as legal counsel to Dotcom Distribution.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and
transportation company. It provides supply chain, dedicated
transportation, and fleet management solutions, including full
service leasing, rental, and maintenance, used vehicle sales,
professional drivers, transportation services, freight brokerage,
warehousing and distribution, e-commerce fulfillment, and last mile
delivery services, to some of the world’s most-recognized brands.
Ryder provides services throughout the United States, Mexico,
Canada, and the United Kingdom. In addition, Ryder manages nearly
239,000 commercial vehicles and operates more than 330 warehouses,
encompassing more than 80 million square feet. Ryder is regularly
recognized for its industry-leading practices in third-party
logistics, technology-driven innovations, commercial vehicle
maintenance, environmentally friendly solutions, corporate social
responsibility, world-class safety and security programs, military
veteran recruitment initiatives, and the hiring of a diverse
workforce. www.ryder.com
Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are "forward-looking
statements" within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. These forward-looking statements,
including our expectations with respect to expanding our
e-fulfillment network, diversifying our portfolio, the performance
of our omnichannel and e-commerce fulfillment technologies, and the
expected synergies of the transaction, are based on our current
plans and expectations and are subject to risks, uncertainties and
assumptions. Accordingly, these forward-looking statements should
be evaluated with consideration given to the many risks and
uncertainties that could cause actual results and events to differ
materially from those in the forward-looking statements including
those risks set forth in our periodic filings with the Securities
and Exchange Commission. New risks emerge from time to time. It is
not possible for management to predict all such risk factors or to
assess the impact of such risks on our business. Accordingly, we
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20221101006080/en/
Anne Hendricks (305) 500-4547 amhendricks@ryder.com
Amy Federman (305) 500-4989 afederman@ryder.com
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