Odyssey Logistics and Technology
Summary
Odyssey intends to use the funds to support its continued growth as the foremost multi-modal logistics service provider to the chemical and process industries and to expand the companys presence into the European and Asian markets. "Odyssey has demonstrated the capability to deploy sophisticated, low-cost transportation networks supported with leading technology solutions for the process and chemical industries," said Frans Th. Odyssey integrates its net native technology platform throughout all of these activities so that each client has complete visibility into its entire transportation supply chain. "We have carefully selected a strategic partner with significant experience in global supply chains as our new investor," said Bob Shellman, CEO of Odyssey. Following Union Carbides 2001 acquisition by The Dow Chemical Company (NYSE: DOW), UniGlobals senior management team opted to leverage the groups expertise to create an entirely neutral and independent outsourced service provider focused on helping process industry manufacturers save money, improve supply chain processes and maintain focus on their core business.