One of the area’s largest logistics companies, Plainfield-based MD Logistics LLC, has been acquired by Nippon Express U.S.A. Inc., a U.S.-based subsidiary of Japan-based Nippon Express Co. Ltd.
The acquisition, which became effective Tuesday, makes MD Logistics a wholly-owned independent subsidiary of Nippon Express. Financial terms were not disclosed.
MD Logistics President and CEO Mark Sell will continue to lead the company, and its executive and senior management teams will also remain intact, the company said.
“When we looked at the market to seek a potential buyer, it was paramount to us that we selected a partner who had a thought-out growth strategy for MDL within the industry verticals that we service, and who would value our people, culture and customers,” Sell said in a written statement.
No layoffs or consolidations are expected as a result, and the acquisition will allow MD Logistics to expand its U.S. distribution footprint, MD Logistics’ Director of Business Development Emilie Gerbers told IBJ on Thursday morning. The company will continue to operate using its MD Logistics and MD Express brands.
The company has about 270 employees and five U.S. warehouses in Plainfield and in Reno, Nevada. It had 2019 revenue of about $51 million. Based on number of employees, the company is the eighth-largest logistics provider in the Indianapolis area, according to the IBJ Book of Lists.
MD Express was founded in 1996 by Mark Sell and Dr. Dave Kiebach, who died in 2007. It specializes in supply-chain services for the life sciences, pharmaceutical, retail, and consumer goods industries.
Nippon Express has 32,000 employees at 744 locations in 48 countries, including about 100 U.S. locations. The company’s 2019 revenue topped $20 billion.