Kuehne + Nagel Inc. buys Aces Ltd.

Kuehne + Nagel Inc. buys Aces Ltd.

   Kuehne & Nagel Inc., the U.S. organization of Swiss forwarding and logistics services provider Kuehne + Nagel International AG, has acquired Scituate, Mass.-based forwarder Aces Ltd. for an undisclosed amount.

   Aces specialize in the handling and documentation of forestry products from 29 North American ports to more than 175 destinations worldwide. Aces has 18 employees in offices located in Scituate; Mobile, Ala.; and Seattle, Wash.

   “Wood and related products make up the largest export commodity from the U.S. today. Our research and efforts to enter this specialized market of forest products have revealed a clear leader in Aces — their expertise and customer relationships are unrivaled. We are very pleased to have them on our team,” said Rolf Altorfer, president of Kuehne + Nagel Inc.

   “Teaming with the globally recognized Kuehne + Nagel Group fits perfectly with our desire to expand our international reach and product portfolio. We are very excited to utilize the network and technology of Kuehne + Nagel to the advantage of our customers,” said Cindra Zambo, Aces’ president and founder.