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The supply-chain solutions firm said its majority shareholder and La Caisse—which made its first investment in the firm in 2018—struck the deal with the Japanese-based logistics firm, which is still subject to regulatory approvals. (The Logic)
Talking point: Metro started as a single warehouse in Montreal in 1974 and has since grown to more than 180 sites in North America and the U.K. It has 9,000 employees, according to its website. Metro has received assurances that Nippon will “not materially downsize the head office workforce” and will keep its headquarters in Montreal. The companies expect the deal to close in the coming months.
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