The Kenan Advantage Group, Inc., announced earlier this week it has acquired Northern Dry Bulk, Inc., a Clare, Michigan-based company.
Northern Dry Bulk specializes primarily in the transportation and storage of plastic resins for automotive, packaging, electronic, and other end markets, in the U.S. and Canada.
According to John Rakoczy, KAG’s executive vice president of Specialty Products, “The acquisition of Northern Dry Bulk establishes a definitive entrance into the dry bulk transportation business for our company and perfectly aligns with our strategic growth initiatives to expand into new end markets. The transaction also fulfills the needs of many of our current liquid bulk customers who also manufacture and distribute dry bulk materials.”
As part of the transaction, professional drivers, technicians, and operational support members will join the KAG team. The company will also acquire 36 tractors, 91 trailers, two terminals with two maintenance bays, extensive warehouse space, and transloading capabilities to continue expanding our service offerings.
“In 1994, we started with one truck and a simple plan – to provide unmatched customer service,” said Tom Kunse, owner, and president of Northern Dry Bulk. “Over the years we have become one of the most respected leaders in deliveries of plastic resins in the chemical manufacturing industry. By joining forces with KAG, both of our current and future customers will benefit from our shared knowledge, geographic footprint, and assets in a marketplace positioned for significant growth opportunities,."
