OL&T Continues Acquisition Program; Acquires Chemical Marketing Concepts
Latest purchase moves OL&T into specialized sample fulfillment
DANBURY, Conn. (Feb. 8, 2011) — Making its third acquisition in less than a year, Odyssey Logistics & Technology Corporation (OL&T) announced today that it has acquired Chemical Marketing Concepts (CMC), a global leader in the field of outsourced sample fulfillment and logistics services. The purchase of CMC expands the OL&T portfolio into the rapid small order fulfillment and logistics sector.
“Sample fulfillment plays a crucial role in the development of new customers and applications for our clients,” said Bob Shellman, OL&T president and chief executive officer. “CMC offers a unique service that helps drive efficiency and rapid processing. This acquisition expands the OL&T portfolio, fueling growth and offering us new client-service opportunities.”
More than 65 major manufacturers partner with CMC to store, package and ship their product samples and small revenue orders from warehouses and distribution sites in the United States and Europe. CMC uses proprietary software systems for efficient order processing, labeling, material handling, inventory management and client reporting.
“We’ve been very successful in fulfilling orders in a short amount of time,” added David Begin, CMC’s president and chief executive officer. “We ship more than 80 percent of our orders within 8 hours. Large orders start with small samples, and making that first impression is critical.”
OL&T will continue to utilize the current CMC facilities located in New Milford, Connecticut, Pueblo, Colorado and Waalwijk, Netherlands. The more than 100 employees employed by CMC will become part of the OL&T enterprise and operate as Chemical Marketing Concepts LLC, a wholly owned subsidiary of Odyssey Logistics & Technology. All current CMC customers will continue to be served without changes in service.
About OL&T: Odyssey Logistics & Technology (OL&T) delivers a comprehensive portfolio of managed logistics and third-party services to the global chemical and process manufacturing industries. The Odyssey Global Logistics PlatformSM is OL&T’s technology infrastructure, and features a proprietary net-native transportation management system that supports the safe, reliable and efficient delivery of client products throughout the world.
With double-digit average annual revenue growth for the last five years, OL&T moves products with more than $55 billion in value between 185,000 origins and destinations and 220 ports worldwide, servicing midsize to large global chemical and process industry clients. For more information, visit www.odysseylogistics.com.
About Chemical Marketing Concepts: Chemical Marketing Concepts (CMC) is the global leader for outsourced sample fulfillment and logistics services. More than 65 major manufacturers use CMC to store, package and ship their sample and small revenue orders. Over the past 26 years, CMC has processed more than 6 million sample shipments. CMC handles non-hazardous and hazardous material in compliance with all regulations for ground and air freight shipments. CMC also utilizes proprietary software systems for efficient sample order processing, labeling, material handling, inventory management and client reporting. CMC employs approximately 100 employees worldwide and is headquartered in New Milford, CT with satellite facilities in Pueblo, Colorado and Waalwijk, Netherlands.