A.P. Moller - Maersk announces that it has closed its acquisition of Performance Team, a US-based warehousing and distribution company, to strengthen its capabilities as an integrated container logistics company by offering end-to-end supply chain solutions to its customers.
The addition of Performance Team’s engineered solutions and distribution center capabilities to retail, wholesale and direct to consumer services will integrate with Maersk Warehousing & Distribution’s regional network of facilities in the United States and Canada offering logistics solutions, transload, consolidation, e-commerce fulfillment, inland drayage, facility management, yard management and value-added services.
“Our customers now have the opportunity to add Performance Team’s omnichannel fulfillment services into their supply chain to create a hold and flow model customized to their specific needs. This approach to marketplace fluctuations combined with the scope of our Maersk Warehousing & Distribution services, creates added flexibility and winning choices for supply chain managers enabling them to better serve their customers in these challenging times. We believe our logistics strategy is well-positioned to support their end-to-end supply chain solution needs,” said Narin Phol, Regional Managing Director of Maersk in North America.
”A.P. Moller-Maersk’s commitment to maintaining what has made Performance Team successful makes this a tremendous opportunity for our customers and our employees. We’re excited to win more customers together and offer products based on our combined strengths,” said Craig Kaplan, CEO of Performance Team – who remains CEO of Performance Team after the transaction closed.
About A.P. Moller – Maersk:
A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As a global leader in shipping services, the company operates in 130 countries and employs 80,000 people.
About Performance Team:
Performance Team offers a full suite of e-commerce, retail, wholesale, and omnichannel distribution and transportation services, including dedicated facility management, replenishment, pick and pack, put to store, garment on hanger (GOH), value-added services, retail compliance and drayage.
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