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Abstract
PHILADELPHIA and HOUSTON--(CCNMatthews - Jun 2, 2005) - BDP International(R) (BDP), a leading privately held global logistics and transportation services company, has acquired Elite Group, Inc. and its subsidiaries (Elite), it was announced today by Richard J. Bolte, Jr., president of BDP, and Mark J. Kaifesh, president of Elite. Terms of the agreement were not disclosed. Elite, also a privately owned international logistics service provider, will continue to operate under its present leadership as an independent subsidiary of BDP. The two companies will benefit from one another's resources, notably logistics information technology tools and a global network of subsidiaries, joint ventures and strategic partnerships in 140 countries. "Elite is an agile, well managed organization that shares BDP's customer-intimate approach to doing business," said Bolte.