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Logistec forms new joint venture with Gulf Coast Bulk Equipment

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Dry Bulk,

Logistec USA Inc., a subsidiary of Logistec Corp., has signed a definitive agreement with Gulf Coast Bulk Equipment Inc. (GCBE).

Under the terms of the agreement, the companies have formed a new joint venture, Logistec Gulf Coast LLC, to consolidate and expand their bulk cargo handling services in the US Southeast and Gulf region.

“GCBE and Logistec both provide efficient, customized logistics solutions. Joining together will allow us to increase our market coverage and operational resources to better serve our customers throughout Florida and the U.S. Gulf,” said Madeleine Paquin, President and CEO of Logistec. “Logistec and GCBE will provide a seamless transition for clients and partners at all American ports at which we operate, including Port Manatee and the Port Redwing facility at Port Tampa Bay.”

Logistec Gulf Coast LLC will handle bulk cargo at various locations in Florida, Louisiana and along the Mississippi River.

“This new joint venture is a great opportunity for us and our customers will be the first ones to benefit from our partnership with Logistec,” said Richard D. Tager, President of GCBE. “We are both committed to delivering quality services, building a strong network, and growing our business in the US Southeast and Gulf region.”

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