Ryder System Inc. is acquiring Impact Fulfillment Services Holdings LLC, a contract packaging, manufacturing and warehousing services company with operations in 15 states.
Terms of the definitive agreement reached in the third quarter were undisclosed. IFS also specializes in display engineering, product launches, multichannel programs and club store programs. Ryder expects to close the purchase in early November.
Miami-based Ryder is acquiring all outstanding equity of the company and will keep its approximately 1,000 employees. IFS President Rob LeBaron will join Ryder as vice president of contract manufacturing and packaging.
