Country for PR: Japan
Contributor: Kyodo News JBN
Thursday, September 03 2020 - 17:00
Nippon Express Completes Acquisition of Equity Interests in MD Logistics and MD Express (Turning into Subsidiary)
TOKYO, Sept. 3, 2020 /Kyodo JBN, AsiaNet/ --

Nippon Express Co., Ltd. (Code No.9062, First Section, Tokyo Stock Exchange; 
hereinafter the "Company") hereby announces that, as announced on May 22, 2020, 
in the "Acquisition of Equity Interests in MD Logistics, Inc. and MD Express, 
Inc. (Turning into a Subsidiary)," it has completed the acquisition of entire 
equity interests in MD Logistics, LLC and MD Express, LLC (together, "MD 
Logistics") (*Note) through the Company's U.S. subsidiary, Nippon Express USA, 

(*Note) MD Logistics' trade names were MD Logistics, Inc. and MD Express, Inc. 
However, as previously announced, the two entities have been reorganized to LLC 
(Limited Liability Company) as part of the transfer procedure of equity 




MD Logistics, established in 1996, is a domestic logistics provider for the 
pharmaceutical and retail industries in the United States. MD Logistics' 
revenue for the fiscal year ending December 2019 was 51 million USD (about 5.5 
billion JPY).

The Nippon Express Group is developing a wide range of logistics service 
systems suitable for the pharmaceutical industry. In addition to investment in 
warehousing and delivery solutions in Japan in accordance with quality control 
standards based on the GDP guidelines, the Company is also working overseas to 
expand logistics facilities that comply with guidelines for the relevant 
distribution of pharmaceuticals in each country. 

Under the internal management system that complies with licensing and 
guidelines with regards to the handling of pharmaceuticals, MD Logistics 
provides distribution processing operations such as storage and packing at a 
range of temperatures from -40C to +25C, proving their strength in tailor-made 
services that meet the needs of each customer. Furthermore, MD Logistics also 
provides speedy collection and delivery services that cover the entire United 
States. With 4 warehouses in Indiana, known as the "Crossroads of America," MD 
Logistics has attained excellent access not only to land transportation but 
also to international and domestic air transport. Moreover, another warehouse 
in Reno, Nevada, enhances accessibility in the western region.

By including MD Logistics into the Group as a subsidiary, Nippon Express 
acquired domestic logistics functions in the United States, which accounts for 
about 40% of global pharmaceutical demand and represents the largest consumer 
goods market in the world. Going forward, the Company looks to provide 
integrated logistics services by combining the Group's international 
transportation network to support the globalization of its customers' supply 

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SOURCE: Nippon Express Co., Ltd.