Dunavant buys Trans Gulf Transportation
Dunavant Enterprises Inc. said Thursday it has acquired majority interest in Trans Gulf Transportation Inc., a Houston-based transportation company specializing in intermodal and port drayage for Houston and the Southwest.
'As we continue to expand our global logistics group, it is important for us to have strategically positioned strongholds in key regions,' said Bill Dunavant, chief executive officer and president of Dunavant. 'We look forward to expanding Trans Gulf's offerings to other critical inland intermodal locations and seaports.'
The deal, finalized on Dec. 31, broadens the logistics service offerings for Dunavant and will add about 150 drivers as owner-operators.
In addition, Trans Gulf is adding cross-dock and warehouse capacity strategically located near Houston's Bayport and Barbours Cut port terminals. Through the acquisition of Trans Gulf, Dunavant increases its regional and local intermodal and port chassis services, as well as trucking and cross-docking amenities.
Headquartered in Memphis, Tenn., Dunavant began operations more than 50 years ago and became one of the world's largest cotton merchants.
In 2010, Dunavant sold its global cotton operations and enhanced its logistics division as the prime focus of the company while retaining its real estate and investment divisions.
