MINNEAPOLIS–(BUSINESS WIRE)–Nov. 1, 2012– C.H. Robinson Worldwide, Inc.(“C.H. Robinson”) (Nasdaq: CHRW), today announced that it has finalized its acquisition of Phoenix International, Inc.for $571.5 millionin cash and approximately$63.5 million in newly-issuedC.H. Robinson common stock.
Founded in 1905, C.H. Robinsonis a global provider of multimodal transportation services and logistics solutions, serving over 37,000 customers through a network of 234 offices in North America, Europe, Asia, South America, and Australia. C.H. Robinsonis one of the largest third-party logistics companies in the world, with annual total revenues of over $10 billion. For more information about our company, visit our Web site at www.chrobinson.com.
Source:C.H. Robinson Worldwide, Inc.
C.H. Robinson Worldwide, Inc.
Angie Freeman, vice president