Logistics giant C.H. Robinson Worldwide Inc. has acquired Canadian freight forwarder Milgram & Co. Ltd. for about $50 million.
The deal will allow Eden Prairie-based C.H. Robinson’s freight-forwarding business to expand its geographic reach, the company said in a news release Thursday.
Montreal-based Milgram employs roughly 330 workers and generated about $124 million in revenue for its fiscal year ended May 31. It’s the third freight forwarder C.H. Robinson has acquired over the past five years.
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