Supervalu Inc has entered an agreement to sell its logistics and supply chain management subsidiary, Total Logistic Control (TLC).
The US retailer announced yesterday (8 December) that TLC will be purchased by Ryder Integrated Logistics, the supply chain solutions division of Ryder System. The deal is expected to close on 31 December 2010.
TLC provides logistics and supplies chain management solutions to manage distribution, warehousing and transportation operations for food, beverage and consumer packaged goods companies.
Janel Haugarth, Supervalu executive vice president and president and COO, supply chain services, said: “Today’s announced acquisition of TLC by Ryder positions TLC to become part of a company that will take them to the next level of expansion and growth in their field of expertise servicing CPG companies.”
Financial details of the agreement were not disclosed.
