MTL:CC - Mullen Group Ltd.Closes Acquisition of ContainerWorld Forwarding Services Inc.

Canada NewsWire

OKOTOKS, AB , May 3, 2024 /CNW/ - (TSX: MTL)  Mullen Group Ltd. (" Mullen Group ", " We ", " Our " and/or the " Corporation ") is pleased to announce the closing of the previously announced acquisition of ContainerWorld Forwarding Services Inc. and its operating subsidiaries (" ContainerWorld ") effective May 1 , 2024. Richmond, British Columbia based ContainerWorld, a well-established and reputable company founded in 1993, is a Canadian logistics company that offers integrated supply chain solutions to the alcoholic beverage and hospitality industries.  ContainerWorld will operate as an independent, wholly-owned subsidiary of Mullen Group.

Mullen Group is one of Canada's largest logistics providers.  Our network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.  In addition, we provide a diverse set of specialized services related to the energy, mining, forestry and construction industries in western Canada , including water management, fluid hauling and environmental reclamation.  The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services and strategic planning to its independent businesses.

Mullen Group is a publicly traded corporation listed on the Toronto Stock Exchange under the symbol " MTL ".  Additional information is available on our website at www.mullen-group.com or on the Corporation's issuer profile on SEDAR+ at www.sedarplus.ca .

Contact Information

Mr. Murray K. Mullen - Chair, Senior Executive Officer and President
Mr. Richard J. Maloney - Senior Operating Officer
Mr. Carson P. Urlacher - Senior Financial Officer
Ms. Joanna K. Scott - Senior Corporate Officer

121A - 31 Southridge Drive
Okotoks, Alberta , Canada  T1S 2N3
Telephone:  403-995-5200
Fax:  403-995-5296

SOURCE Mullen Group Ltd.

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