AMERICAN FAST FREIGHT, INC. ACQUIRES CARIBBEAN SHIPPING SERVICES, INC.
American Fast Freight, Inc. (AFF): May 8, 2015, today, AFF announced that it acquired Caribbean Shipping Services, Inc. (Caribbean Shipping). Caribbean Shipping is based in Jacksonville, Florida and is a leading cold chain provider. Caribbean Shipping operates primarily in the Puerto Rico market specializing in refrigerated freight forwarding. Mr. Paul Robbins, Chairman and Co-Founder of Caribbean Shipping will remain as President, which will operate as a new subsidiary under AFF, Inc., the parent company of AFF. Caribbean Shipping will work jointly with AFF’s current efforts in the region.
The purchase of Caribbean Shipping Services will add substantial enhancements to AFF’s current operations on the Eastern Seaboard. Through its affiliate, AFF de Puerto Rico, LLC, AFF has pursued the development of the dry goods forwarding business under the direction of AFF de Puerto Rico General Manager, Mr. Andy Pacheco. AFF intends to utilize synergies with Caribbean Shipping’s cold chain knowledge and its penetration in the Eastern United States to greatly increase the ability to meet the increasing demand of AFF’s customers in this much valued market.
“This acquisition is a great stride forward for AFF,” said company President and CEO, Kevin Kelly. “We are extremely excited about adding Caribbean Shipping Services to our family of companies and are pleased about the further services and reliability we will be able to offer our customers in Puerto Rico and the Caribbean.”
“Joining the AFF companies is the right succession plan for our family business and our business family,” said Paul Robbins. “We could not have chosen a better partner to broaden our capabilities and better serve our customers in the Puerto Rico and Caribbean market.”
About American Fast Freight, Inc. American Fast Freight, Inc., also known as AFF, (www.americanfast.com) is a transportation and logistics company headquartered in Fife, Washington. AFF and its affiliated companies and divisions provide a wide range of ocean freight forwarding, trucking, project logistics and warehousing-distribution services. The core business is ocean freight consolidating and forwarding, specializing in the domestic Jones Act markets of Alaska, Hawaii, Guam and Puerto Rico. AFF is an indirect subsidiary of a portfolio company owned by The Jordan Company II, LLC and members of AFF management.