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 to the chemicals and process industries 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 products with a total product value in excess of $40 billion. A sample list of our clients includes BASF, Firmenich, Colgate-Palmolive, Momentive, Nalco and Procter & Gamble.
Services & Scope:
OL&T's managed logistics and third-party services move products for clients between 125,000 origins and destinations in North America. 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 has 355 employees globally. The company has offices in Charlotte, NC, Hackettstown, NJ, Belgium, and Ukraine.
Outlook:
2008 was a year of significant growth for the company; managed logistics services volume grew by 38%. Projections for 2009 are for continued double digit growth propelled by Odyssey's operational expansion into Europe and Asia. Odyssey has experienced an annual average revenue growth rate of over 30% during the past 3 years.
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.
For more information, contact Francis Onofrio, of Mason Onofrio Public Relations, at fonofrio@mason23.com or by phone at: (203) 393-1101 x 169
