GLEN ALLEN, VA,
Jan. 26, 2010
(Press Release) -
The CrossGlobe Group announced today the opening of its newest operation located less than five miles from the Port of Houston in Pasadena, TX. This 100,000 square foot distribution center utilizes specialized light weight tractors, 40' super single and tri-axle equipment to provide heavy haul capabilities to our customers for a variety of commodities including beverage, granite and stone slabs, specialty flooring, lumber products, pulp and paper. Our Houston facility offers customers one stop shopping for ocean container drayage, full truckload, LTL transportation, order fulfillment, warehousing, and logistics services.
Bill Franks, President and CEO of CrossGlobe, stated, "Our expansion into the Port of Houston is a continuation of our strategic plan and shows that we are committed to having facilities in major port locations on the East and Gulf coasts of the United States. We will continue to provide high quality, total package solutions that are needed to satisfy our global customers' supply chain needs. Houston was a logical choice for CrossGlobe as we prepare our business for the expansion of the Panama Canal. We have a very dedicated group of employees and contractors and I am pleased to have Ted Gaze as the location's General Manager. I know that the entire CrossGlobe team is excited about this expansion and we look forward to providing the high level of service that the CrossGlobe Group is known for across North America."
CrossGlobe is a portfolio company of Pine Creek Partners, a Washington, D.C. based private equity firm.
About the CrossGlobe Group
The CrossGlobe Group was founded in 1951 as Lydall Transport, Ltd. and is a comprehensive supplier of distribution and transportation services to producers of specialized products that need expert care and handling, including paper and other forest products, base metals, beverages, and many other products and commodities. CrossGlobe's service offerings include warehousing, truckload hauling, drayage, and customized value-added services in those areas. CrossGlobe is headquartered in Glen Allen, Virginia and operates distribution facilities in Monson, Massachusetts, Newport News, Virginia, Portsmouth, Virginia, Pasadena, Texas and Savannah, Georgia. The Monson facility is a state-of-the-art pulp and paper transload distribution center, located in the heart of the New England region and offering rail-to-rail, rail-to-truck and truck-to-truck product handling services. The Newport News and Portsmouth import/export facilities have a long term partnership with the Port of Virginia and its operating company Virginia International Terminals, Inc. and offer port customers the advantages of fully dedicated on and off-terminal distribution operations. The Pasadena, Texas facility handles lumber, beverages, pulp and paper, stone, specialty flooring and other commodities requiring heavy haul capabilities. The Newport News facility largely handles break bulk and containerized pulp, paper and forest products cargoes and Portsmouth is a food grade facility handling a variety of products for customers. The Savannah, Georgia facility offers long and short-haul trucking and drayage services. www.crossglobegroup.com.
About Pine Creek Partners
Pine Creek Partners, Washington, D.C., manages a proprietary private equity fund that offers capital and guidance to growing companies and the executives who currently or in the future will run them. The firm was founded on the belief that entrepreneurs are unique leaders whose vision and energy is the core of a successful company. Through constructive and confidential partnerships, Pine Creek provides unobtrusive advice and timely funding for expanding or purchasing a business, or providing liquidity to an owner. Over the past decade, our founding partners have invested over $600 million in more than 30 companies and helped numerous executives build businesses. To learn more about Pine Creek's management-focused approach, visit www.pinecreekpartners.com.
