STG Logistics Acquires Veeco Holdings, LLC
December 4, 2019
Dear Business Partner,
We are pleased to announce that STG Logistics, Inc. (“STG”) has purchased Veeco Holdings, LLC (“Veeco”).
Veeco operates out of a large facility in North Bergen, NJ, and has three primary business units – (i) Container Freight Station (CFS), (ii) Warehousing and Distribution, and (iii) Transportation. These three business units align perfectly with STG Logistics and will create synergies that will greatly benefit customers of both companies.
This acquisition will give STG a stable platform with significant capacity in a geographically suitable location in the northern New Jersey area. It will enable STG to handle customers’ imports and exports out of a single location while remaining close to the port of New Jersey. For STG’s Contract Logistics and Distribution (CLD) customers, the Veeco acquisition will provide STG with substantial warehouse capacity in the New Jersey area. Veeco will be an excellent addition to STG’s existing CLD nationwide footprint.
STG intends to move all existing work currently performed in Kearny, NJ into the North Bergen facility. This move will commence over the next few months. Ensuring we provide superior service and support will be a priority during this transition. Our North Bergen facility will be able to handle all existing CFS and CLD customers while affording us and our customers the opportunity to grow volumes as well.
We are extremely excited about the Veeco transaction and how it will benefit our customers. If you have any questions, please reach out to your local contacts.
Senior Vice President, Sales & Marketing