Matson acquires California warehouse and distribution company
Matson Navigation Co. has acquired a Northern California warehousing, packaging and distribution company with nearly 1 million square feet of warehouse and distribution space in the Bay Area.
Matson, a unit of Honolulu-based Alexander & Baldwin Inc., acquired Oakland, Calif.-based Pacific American Services LLC through a subsidiary for an undisclosed price.
The purchase by Matson Global Distribution Services follows the acquisition of a 1-million-square-foot industrial park in Savannah, Ga., made by A&B earlier this year for $50 million.
A&B established Matson Global last year as a subsidiary of Matson Integrated Logistics to provide third-party logistics services that include warehousing, distribution, and freight forwarding throughout the United States and internationally.