TFI International (CCJ Top 250, No. 4) announced Wednesday the acquisition of Vedder Transportation Group, which specializes in the tank truck transport of food-grade liquids and dry bulk commodities. Terms of the deal were not disclosed.
Headquartered in Abbotsford, British Columbia, where it began operations in 1956, Vedder was one of the first companies in Western Canada to use tanker trucks to transport liquid food-grade products. Operations now span British Columbia to Manitoba. With more than 155 tractors and nearly 300 trailers, a food-grade wash rack, railcar transload and warehousing, and maintenance and repair facilities, Vedder generates annual revenues in excess of $59 million.
Run by President Fred Zweep, Vedder will join TFI International’s Specialized Truckload business segment.
“For many years TFI International has been a leading provider of reliable, safe and cost-effective tank truck services to the liquid and dry bulk food-grade market in Eastern Canada,” said Alain Bédard, chairman, president and chief executive officer of TFI International. “With the acquisition of Vedder, we add the premier provider of such services in Western Canada, along with a network of strategically located facilities, making TFI the premier Canadian coast-to-coast provider of food grade tank truck transportation services. We extend a warm welcome to Fred, to Larry Wiebe whose family started the business in 1956 and who remains an advisor, and to their many colleagues throughout the Vedder organization, and we look forward to watching their future success under the TFI International umbrella.”
This is at least the 17th deal made this year by a CCJ Top 250 fleet.