May 3, 2010 9:54 AM
Odyssey Logistics & Technology Corporation (OL&T) announced that it has acquired International Forwarders Inc (IFI), an independently owned export freight forwarder and customs house broker based in Charleston SC. The purchase allows OL&T to strengthen its customs broker and duty drawback capabilities as well as expand its export forwarding business.
OL&T has provided freight-forwarding services to clients through its wholly owned affiliate, Odyssey International LLC (OI) based in Danbury CT. This acquisition is being made by OI, which will be expanding with a second location and additional services and customers through this acquisition.
OL&T will continue to utilize the current IFI facility in Charleston. The 40 employees working for IFI will become part of the OL&T enterprise immediately. All current IFI customers will continue to be served in Charleston for freight forwarding and import services.
Odyssey will continue to provide freight-forwarding services in its Connecticut location as well. Import services provided by other service companies may be transitioned to IFI as contracts or opportunities arise.
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