Livingston International acquires HIPAGE to expand operations in southeastern U.S.
PR Newswire
CHICAGO, IL, Nov. 3, 2011
CHICAGO, IL, Nov. 3, 2011 /PRNewswire/ – Livingston International has acquired
Norfolk, Virginia-based Hipage Company, Inc. (HIPAGE), Livingston’s
president and CEO, Peter Luit, announced today.
This strategic move extends Livingston’s customs and compliance
expertise as well as its international freight forwarding capability to
companies importing and exporting through the southeastern U.S. This
acquisition also gives Livingston added expertise in the operation and
administration of foreign trade zones (FTZs), a program in the United
States to provide U.S. companies with deferred or reduced, and the
possible elimination of, U.S. customs duties.
“This is a very friendly deal,” said Frank A. Daman, president and chief
financial officer of HIPAGE, one of the oldest customs brokers in the
United States. “We have always respected Livingston as a partner for
our northern border brokerage business,” added Daman, “and are pleased
to join forces, to strengthen our mutual efforts to provide world-class
service to our clients.”
“This addition of a strong regional customs broker and international
freight forwarder to our growing U.S. operations,” added Luit,
“strengthens our air/ocean brokerage, freight forwarding and export
offerings and enhances our attractiveness, not only to clients who want
a strong service provider in the region, but also to the many clients
seeking a national, full-service customs broker. We are thrilled to
welcome HIPAGE’s high-quality management team and dedicated staff to
Livingston.”
HIPAGE employs over 100 people in Norfolk, Virginia and other offices in
Atlanta and Savannah, Georgia; Charleston, South Carolina; Charlotte,
Greensboro, Raleigh and Wilmington, North Carolina; Dublin and
Richmond, Virginia; and Milwaukee, Wisconsin. Founded in 1927, the
company specializes in customs brokerage and air, ocean and domestic
forwarding as well as export services. Like Livingston, HIPAGE is
C-TPAT-certified.
About Livingston
Livingston International is one of the top five customs entry filers in
the United States and Canada’s largest customs broker. The company
also offers customs and international trade consulting services as well
as international freight forwarding across North America and around the
globe. With its U.S. air/sea hub located in Chicago and regional
centers in Los Angeles and New York, Livingston is also a dominant
customs broker along the U.S.-Canada border. Across North America,
Livingston employs over 2,300 employees at approximately 100 key border
points, seaports, airports and other strategic locations.
SOURCE Livingston International Inc.
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