Kuehne+Nagel has closed on deal to acquire Farrow
Following customary regulatory review, as of January 31, 2024, Farrow is pleased to announce that Kuehne+Nagel Group has closed on the deal to acquire Farrow. With this closing, Farrow becomes a wholly owned subsidiary of Kuehne+Nagel. The Farrow name and team remain in place, and the organization will continue to operate as a stand-alone business under its current executive leadership team and the guidance of Rick Farrow, Chairman at Farrow, who shared “I am comforted knowing that Farrow will be in the hands of an industry leader who will continue the great work that my family started over 110 years ago. As we forge ahead in this new chapter, I am excited for the business growth potential that these two companies will together drive.”
Farrow is a trusted leader in customs brokerage, trade consulting, and logistics services. Together, Farrow and Kuehne+Nagel will expand on their cross-border capabilities and logistics services to create new opportunities for both clients and colleagues.
About Kuehne+Nagel:
With over 80,000 employees at almost 1,300 sites in close to 100 countries, the Kuehne+Nagel Group is one of the world’s leading logistics providers. Headquartered in Switzerland, Kuehne+Nagel is listed in the Swiss blue-chip stock market index, the SMI. The Group is the global number one in air and sea logistics and has strong market positions in road and contract logistics.
Kuehne+Nagel is the logistics partner of choice for 400,000 customers worldwide. Using its global network, logistics expertise and data-based insights, the Group provides end-to-end supply chain solutions for global companies and industries. As a member of the Science Based Target Initiative (SBTi), Kuehne+Nagel is committed to sustainable logistics by reducing its own environmental footprint and by supporting its customers with low-carbon logistics solutions.
About Farrow:
A wholly owned subsidiary of Kuehne+Nagel Group, and headquartered in Windsor, Canada, Farrow brings to the global trade industry over 110 years of expertise in cross-border customs brokerage, trade consulting, and integrated logistics services.
Further to its beginnings in customs brokerage, Farrow offers other global trade-related services operating under the Farrow brand, which include Farrow Logistics (North American warehousing, distribution, and fulfillment), Farrow Global Logistics (international freight forwarding and global supply chain management), Farrow Express (expedited asset freight delivery and non-asset brokerage), and Farrow Consulting (expert advice on import/export and trade management, duty recovery and regulations compliance).
With operating locations across Canada and the United States, and in Europe, Farrow manages over 800 employees with 38 offices and warehouses including those of acquired companies D.J. Powers Co. Inc. and Link+ Corporation.
Farrow is proud to be a Canada’s Best Managed Companies winner for fourteen consecutive years, achieving Platinum Club status in the most recent eight years consecutively – an accomplishment few companies attain.
Media Contact: Rick Farrow, Chairman, Farrow c/o Sandra Garcia, Corporate Director Marketing, Communications and Brand, Farrow sandra.garcia@farrow.com 226-280-5311 (mobile)
Media Contact: Dina Pokedoff, APR SVP Communications, Kuehne+Nagel dina.pokedoff@kuehne-nagel.com 201-539-1135 (mobile)
