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March 18, 2003 01:00 AM

Elemica to acquire marine logistics company

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    Wayne, Pa. (March 18)—Elemica Inc. has signed a definitive agreement to acquire Optimum Logistics Ltd., the leading global marine logistics solution in the chemical industry. Terms of the deal were not disclosed. The purchase will allow Elemica to bring logistics capability in-house. Currently, Optimum provides marine shipping logistics, including track and trace capability. Elemica plans to integrate that technology and extend it into ground, rail and container logistics for its customers as well as logistics service providers, terminal and warehouse operators and freight forwarders.

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