Clarke – Consolidated Fastfrate deal collapses
Etobicoke, Ont.-based Clarke Inc.’s planned acquisition of Consolidated Fastfrate Inc. has fallen apart-just one week before the scheduled closure.
Reasons why the deal failed between the two companies-both of which have rail-forwarding operations in Concord, Ont.-were not immediately available.
The merger would have created combined revenues of $200 million for Clarke, which offers both truckload and less-than-truck load tansportation and logistics services from five operating divisions-including Concord Transportation.
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