121 New York Avenue
n/a
Trenton, NJ 08638
UNITED STATES
Tel. (609) 396-1100
Fax. n/a
Industry: Transportation Services
On the web: http://www.glacteam.com
Employees: 321
Clark Holdings, Inc. formerly Global Logistics Acquisition Corporation was incorporated in Delaware on September 1, 2005. The Company was formed to serve as a vehicle for the acquisition of one or more operating businesses in the transportation and logistics sector and related industries through a merger, capital stock exchange, asset acquisition or other similar business combination. Since February 21, 2006, the Company had been searching for a target business to acquire. On May 18, 2007, the Company entered into a Stock with The Clark Group Inc. and its wholly owned subsidiaries in which the Company agreed to purchase 100% of CGI's shares of common stock. In February 2008, the Company completed the acquisition of CGI. On February 12, 2008, the Company consummated its acquisition as contemplated by the SPA, amended on November 1, 2007, by and among the Company, CGI and the stockholders of CGI. At the closing of the Acquisition, the Company was to purchase all of the issued and outstanding capital stock of CGI. In connection with the closing of the Acquisition, the Company changed its name from Global Logistics Acquisition Corporation to Clark Holdings, Inc. The Company segregates business segments into Domestic and International. The Domestic segment consists of operations serving a variety of wholesale customers in North America. The International segment consists mainly of shipments outside North America. The Company is a niche provider of non-asset based transportation and logistics services to the print media industry throughout the United States and between the United States and other countries. The Company operates through a network of operating centers where it consolidates mass market consumer publications so that the publications could be transported in larger, more efficient quantities to common destination points. The Company's specified rates are subject to weight variation, fuel surcharge, and timely availability of the customer's product. It provides ancillary services such as warehousing and other services. Clark selects carriers based upon myriad factors that include service reliability and pricing. As part of its bundled service offering, the Company tracks shipments in transit and handles claims for freight loss or damage on behalf of its customers. Because the Company owns relatively little transportation equipment, it relies on independent transportation carriers. The Company's main competitors are the in-house transportation and logistics capabilities of the larger printers. Clark is subject to a variety of federal and state safety and environmental regulations.
