IBJNews

Lacy company takes stake in Oregon logistics firm

Back to TopCommentsE-mailPrintBookmark and Share
On The Beat Industry News In Brief

LDI Ltd. LLC, the holding company for FinishMaster paints and other businesses, has recapitalized and acquired a majority stake in Portland-based Oregon International Air Freight Co. and OIA Global Logistics-SCM.

The two companies, collectively known as OIA, provide logistics services, including freight forwarding, supply-chain management, contract warehousing and packaging, and design fulfillment.
 

lacy-andre-mug Lacy

OIA founder and Chairman Junki Yoshida said in a prepared statement that the transaction with LDI will help enhance and expand services to customers.

“We are always looking for ways to enhance the profitability of our customers—whether they are Fortune 500 companies or middle-market businesses,” he said. “LDI has a long-term strategy that matches perfectly with our vision for growth.”

Yoshida will continue as OIA’s chairman. Logistics industry veteran Charles Hornecker will join the company as CEO.

LDI is a closely held Indianapolis company chaired by Andre Lacy.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT