CJ Logistics to Acquire Majority Ownership of DCS Logistics
Seoul — Paul Hastings, a leading global law firm, announced today that the firm is representing CJ Logistics, the preeminent logistics company in Korea and in Asia, in its proposed $216 million acquisition of a majority stake in DSC Logistics, a leading United States-based logistics and supply chain management company.
As a result of this acquisition, CJ Logistics will expand its global supply chain management (SCM) capabilities, positioning the combined companies to become the preferred global SCM partner in the United States. The transaction is expected to close in the third quarter of 2018, subject to customary regulatory approvals.
The acquisition will expand CJ Logistics' global supply chain management capabilities.
The cross-border Paul Hastings team, which negotiated the transaction and also successfully obtained the related CFIUS approval, was led by Seoul-based M&A partner
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