Logistics and transportation provider Ryder System Inc. has renewed its aggressive merger and acquisition (M&A) strategy to expand its e-commerce capabilities and announced today that it has acquired Dotcom Distribution, a New Jersey-based company based provider of omnichannel fulfillment and distribution services.
According to Miami-based Ryder, the acquisition will expand its e-commerce solution for both business-to-business (B2B) and business-to-consumer (B2C) brands in high-value industries such as health, beauty and cosmetics, and fashion and further strengthen clothing.
Terms of the deal were not disclosed, but Ryder said it would hire Dotcom Distribution’s executive team, including founder and CEO Maria Haggerty, as well as its operations team, which totaled about 100 full-time employees.
The move also expands Ryder’s national footprint with the addition of a 400,000 square foot multi-client fulfillment facility in Edison, New Jersey. The company said its e-commerce and omnichannel fulfillment solution now ships 100% of the US within two days and 60% of the US within one day.
The Dotcom Distribution deal follows Ryder’s $480 million move in December to buy another e-commerce and omnichannel fulfillment provider, Whiplash, formerly known as Port Logistics Group. In addition to acquiring a network of 19 warehouses through this acquisition, Ryder had previously gained 17 additional DCs through its agreement to purchase Midwest Warehouse & Distribution System in Woodridge, Illinois in 2021. And more recently, Ryder bought Baton, a San Francisco tech startup whose platform speeds up truck deliveries in DCs by reducing incarceration and dwell times.
“We look forward to welcoming Dotcom Distribution’s customers to the Ryder family of brands and reaping the synergies created by the acquisition, as well as the enhanced scalability, flexibility and speed to market that our omnichannel and e-commerce fulfillment technology will bring.” offers,” said Jeff Wolpov, senior vice president of Ryder E-Commerce by Whiplash, in a press release.
“This acquisition also provides us with an opportunity to expand our e-fulfillment portfolio into new verticals in health, beauty and cosmetics, consistent with our broader strategy to grow and diversify our portfolio.” https://t. co/FCj5p7wN8I #Ecommerce #supplychain
— Ryder (@RyderSystemInc) November 2, 2022