ALBUQUERQUE, New Mexico, Oct. 14, 2014 -- Rinchem Company, Inc. announced today that it has completed the acquisition of Chimei Logistics Corporation, a Taiwan-based provider of warehousing, transportation and freight forwarding solutions within the Asia-Pacific region. Rinchem, a global logistics provider of high-purity, temperature-controlled chemicals and gases, plans to utilize this acquisition to better support its growing customer base within the regions of South Korea, Japan, mainland China, Singapore and Taiwan.
According to Ken Breinholt, Director of Operations for Rinchem's Asia-Pacific region, "The acquisition of Chimei Logistics is an exciting development for Rinchem and strengthens our service offering to customers within the Asia-Pacific region. Through this acquisition, Rinchem will add asset-based third party logistics and freight forwarding capabilities and expertise to the local market."
Prior to being acquired, Chimei Logistics Corporation, headquartered in Tainan City, Taiwan, was a subsidiary of Chimei Corporation. The acquisition includes a 36,000-square-foot distribution facility located within a few miles of the Tainan Science Park and within 50 miles of the port of Kaohsiung, the largest port in Taiwan. The acquisition also includes the transfer of employees, a ground transportation fleet, freight forwarding assets, logistics information systems and over 193,000 square feet of property.