OL&T at a Glance
Odyssey Logistics & Technology (OL&T) provides worldwide logistics management services to the chemical industry and other process manufacturers. OL&T delivers a comprehensive portfolio of logistics services so that customers' products are delivered safely, reliably and economically, with the advantage of shipment visibility and actionable data across all modes. The company manages logistics for raw materials and goods with a total product value in excess of $42 billion. A sample list of our clients includes Arch, BASF, Cookson, Firmenich, Grace, Lanxess, Momentive, Nalco, Procter & Gamble and Univar.
Services & Scope:
OL&T's managed logistics and third-party services move products for clients between 125,000 origins and destinations in North America and over 325,000 transportation lanes globally. International Freight Management shipments for clients move between 220 ports worldwide.
History:
OL&T began as an outgrowth of a merger of Union Carbide with Dow Chemical. It was a management-led spin-off from that transition. The company has drawn from its chemical and process background to become a leading logistics service provider with a special focus on these industries.
Odyssey Logistics & Technology is headquartered in Danbury, CT and employs more than 350 people worldwide. The company has offices in Charlotte, NC, Hackettstown, NJ, Belgium, and Ukraine.
Outlook:
With more than 30 percent average annual revenue growth for the last five years, OL&T moves products with more than $42 billion in value between 185,000 origins and destinations and 220 ports worldwide, servicing midsize to large global chemical and process industry clients. In the third quarter of 2010, OL&T is planning to expand global operational centers to locations in China and Japan.
Investors:
Odyssey Logistics & Technology is privately held, with the majority of shares owned by private equity firms with investment capital exceeding $4 billion. Investment funds include Trident Capital, Boston Millenia Partners, RRE Ventures, LogiSpring (Geneva) and CMEA Ventures.
