May 24, 2012 — Ingram Barge Company today completed its acquisition of U.S. United Barge Line, LLC ("UBL"), a barge transportation company headquartered in Tampa, Florida.
Following the receipt of necessary government approval and satisfaction of other closing conditions, Ingram officials said today they had finalized the sale and that the process of integrating the UBL business will begin immediately. Approximately 300 UBL associates will join Ingram, and 17 towboats and some 650 barges will be added to the Ingram fleet.
Orrin H. Ingram, Chairman of the Board of Ingram Barge Company, said the combined businesses will enable Ingram to continue its leadership role in the inland marine industry. Craig E. Philip, CEO of Ingram Barge Company, said the transaction underscores Ingram's commitment to its customers and to the robust future of inland transportation.
"We are excited to now be able to welcome the UBL associates into our Ingram Marine Group family," Mr. Philip added. "We look forward to serving our new customers with the same dedication to quality and focused customer service for which Ingram, and UBL, have been known."
Ingram Barge Company is a subsidiary of Ingram Industries Inc., based in Nashville, Tennessee, which is one of America's largest privately held companies. It consists of diversified businesses in physical and digital book distribution, on-demand printing, marine transportation, and digital fulfillment services. Ingram Industries Inc. includes two operating divisions: Ingram Marine group and Ingram Content Group.