Korean CJ Logistics to acquire majority stake in DSC Logistics

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DSC Logistics has announced its intent to transfer majority ownership to CJ Logistics, pending regulatory and other customary approvals. The decision marks further advancement of DSC’s strategy of continuous transformation and continuity plan.

“CJ Logistics is the right fit, at the right time,” said Ann Drake, CEO of DSC Logistics. “CJ shares our passion for dynamic supply chain leadership and will provide a global platform for DSC, while DSC will provide a platform of expertise, capabilities and leadership in the US.”

The transaction is expected to close in the third quarter of 2018. Through the agreement, Ann Drake will remain as Chair of the DSC Advisory Board and retain minority ownership. The company’s senior leadership will remain in place, with Ed Bowersox as President, David Copeland as Chief Financial Officer, and Kevin Coleman as Chief Customer Officer. The company’s corporate offices will remain in Des Plaines, IL.