Tropical Shipping Acquires Caribtrans, Inc.

In 2008, Tropical Shipping, a subsidiary of Nicor Inc., acquired the assets of Caribtrans, Inc., a provider of less-than-container load and full-container load consolidation services from the United States to the Caribbean and Central America. The acquisition was relatively small but strategically fits Tropical's goal of expanding its higher-margin LCL business.

“In fact, in 2008, Tropical acquired the assets of Caribtrans, Inc, a provider of less-than-container load and full-container load consolidation services from the United States to the Caribbean and Central America.”

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