Alexander & Baldwin's Matson Global Distribution Services subsidiary has completed the acquisition of Pacific American Services, LLC., ("PACAM"), a leading regional, asset-light warehousing, packaging and distribution company specializing in value-added handling of domestic, import and export goods.
"The acquisition of PACAM extends our service reach deeper into our customers' value and supply chains while also providing an excellent platform for expansion in this fast-growing market segment,” said Allen Doane, A&B chairman and CEO.
“PACAM's nearly one million square feet of warehousing and distribution space provides exceptional service coverage for the entire Bay Area and Northern California, complementing our recently acquired Savannah facilities to give Matson Global a truly national footprint," he added. "As part of a continuing, focused strategy to grow our domestic presence, we expect to rapidly scale these operations in the next few years."
PACAM serves hundreds of local, national and international customers and has extensive industry expertise in handling high value goods in the food and beverage, high tech and consumer packaged goods sectors. The company, which is ISO 9001-2000, organic and FDA certified, was founded in 1987 and is headquartered in Oakland, CA.
Matson Global was established in 2007 as a subsidiary of Matson Integrated Logistics, the 10th largest logistics company in the United States and a subsidiary of Matson Navigation Company, to provide third-party logistics services that include warehousing, distribution, and freight forwarding throughout the domestic United States and internationally, especially Asia.
Alexander & Baldwin: Alexander & Baldwin, Inc., headquartered in Honolulu, Hawaii is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc., Matson Integrated Logistics, Inc. and Matson Global Distribution Services; in real estate through A&B Properties, Inc.; and in food products through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc.