MIQ Logistics Acquires Retail Logistics Company

Purchase of UK-based The Logistics Corporation Ltd. complements company’s retail supply chain offering.

Overland Park, KS, August 3, 2011–MIQ Logistics today announces the acquisition of The Logistics Corporation Ltd. (TLC). The agreement complements the existing service offering of MIQ Logistics in the UK and Europe by offering customers enhanced end-to-end supply chain solutions, including retail warehousing and fulfillment operations.

“The acquisition of TLC is an important step in the expansion of our UK and European operations,” says Joey Carnes, chairman and chief executive office – MIQ Logistics. “A year ago, when we formed our partnership with Austin Ventures, we did so with a commitment to grow and expand the business by offering comprehensive transportation, distribution and global services of a consistently high quality throughout the world. Our agreement with TLC allows us to build on our existing strengths in serving retail customers by providing even greater capabilities and experience.”

As part of the agreement, MIQ Logistics adds multiple warehouse locations and retail-oriented dedicated distribution centers to the company’s current locations around the UK.

“With our enhanced service offering we have a unique opportunity to capitalize on the growth potential available in today’s market,” says Vice President and Managing Director – MIQ Logistics-UK, Andy Martin. “Current retail customers, such as Phase Eight, Gant, Ben Sherman and Duchamp, who know us for our commitment to unsurpassed quality, will benefit from the breadth and depth of our solutions, and our ability to provide a truly integrated and complete retail service.”

TLC Managing Director, Don Purnell, adds: “TLC has built an enviable reputation for offering a first-class service to the retail sector. Having worked closely with MIQ Logistics for the last six years, it is clear that the two organizations are an ideal fit. Both companies have invested in the best people, and take an open and transparent approach with their customers. We are proud to provide the best possible service to customers under the MIQ Logistics brand.”

About MIQ Logistics

MIQ Logistics is a global logistics company headquartered in Overland Park, Kan., and with offices in North America, Asia, Europe and South America. MIQ Logistics enables companies to improve their transportation network and overall supply chain efficiency by offering flexible logistics solutions supported by Web-native technology and global logistics management capabilities.

For more information:

Christa Lander
MIQ Logistics
913-696-7371
Christa.Lander@miq.co.uk