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Westwood Shipping Lines Acquisition By Swire Shipping Completed

Jun 30, 2022•over 3 years ago

Acquiring Company

Escalade

Acquired Company

Swire Shipping

WilsonvilleInformation Technology

Description

The acquisition of Westwood Shipping Lines by Swire Shipping was finalized today, following regulatory approvals and completion of standard closing conditions. Swire’s ownership will allow Westwood, an independent niche vessel operator specializing in the trade between the Pacific Northwest and Northeast Asia, to work in partnership with Swire Shipping to better serve its customers, according to Westwood President and CEO Jack Mahoney.

Company Information

Company

Escalade

Location

9150 SW PIONEER CT

Wilsonville, Oregon, United States

About

Westwood Shipping Lines, founded in 1980, is an independent vessel operator specializing in the trade between the Pacific Northwest and North Asia. Its approach to success is its service and versatility, with reliable schedules and superior cargo handling capabilities to safely transport its customers’ cargo. Oversized cargo, containers, breakbulk, and forest products sail together on the same Westwood ships. Its flexible ship design permits safe and efficient handling of all types of cargo — no matter how bulky or fragile. J-WeSco Ltd purchased Westwood Shipping Lines in 2011 from Weyerhaeuser. For more information, please visit www.wsl.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed