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Manitoulin Global purchases Canfleet

Manitoulin Global Forwarding , a division of the Manitoulin Group of Companies, has purchased Vancouver’s Canfleet Logistics Ltd .

Manitoulin Global Forwarding, a division of the Manitoulin Group of Companies, has purchased Vancouver’s Canfleet Logistics Ltd.

This is the latest of many strategic investments Manitoulin has made in Western Canada in recent years to build out its offerings and coverage in the region. In a statement, the company said the purchase of Canfleet, with its excellent export capabilities to Asia, also strengthens Manitoulin's access to high-growth Asian markets, where many of its customers do business, and advances its overall global reach.

"In order to continue to meet our customers' emergent needs, Manitoulin is maintaining a trajectory of steady growth by acquiring businesses that improve our geographic reach or which provide high-quality offerings that complement our own," said Dwayne Hihn, president of Manitoulin Global Forwarding, in a release.

"Canfleet delivers on both accounts with improved access to Asia and excellent exportation capabilities that mirror Manitoulin's importation strengths. We now have the expertise and volume capabilities to create greater efficiencies for our customers, whether exporting or importing, to Asia or around the world."

Founded in 2005, Canfleet has established itself as a trusted provider of integrated logistics solutions, ocean freight operations, and global supply chain management to customers in the lumber, agriculture, scrap metal, and automobile export industries. It also provides refrigerated transportation for perishable goods.

Under the purchase agreement, all Canfleet employees, including its founder and former owner, and all assets have transferred to Manitoulin Global Forwarding.

The Manitoulin Group of Companies was founded by Doug Smith of Gore Bay on Manitoulin Island.