INTERNATIONAL TRADE
Million-Dollar Acquisition: Dean Worldwide Inc., a transportation company in Huntington Beach, said Friday that it has acquired a Houston transportation company and its three subsidiaries for about $1 million.
Charles Strait, Dean Worldwide’s president, said the companies, RAM-Management Inc. and its units--RAM-Forwarding Inc., RAM-PAK Inc. and Express-Line Inc.--will retain their names and will operate as an arm of Maxxim International, a Dean Worldwide subsidiary in Houston.
“The acquisition will add a number of shipping routes and help us serve a larger customer base in more locations worldwide,” Strait said.
He said the company hopes to boost its business in West Africa, China and Indonesia by getting contracts to transport oil-drilling equipment to those places.
Strait said Ken Laningham, vice president of Maxxim, will oversee operations of the RAM companies.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
