CSX Corp. agrees to acquire chemicals transportation company Quality Carriers, Inc.
May 12, 2021
On May 12, 2021, CSX Corp. announced it has signed a definitive agreement to acquire Quality Carriers, Inc. from Quality Distribution, Inc. Quality Carriers’ management team will continue to lead the business as part of CSX. The transaction is expected to close in the third quarter of 2021, subject to regulatory review and certain customary closing conditions.
CSX is a Class I railroad in the United States and transportation company providing rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. CSX is headquartered in Jacksonville, Florida, and owns about 21,000 route miles (34,000 km).
Quality Carriers, Inc. is a leader in bulk chemicals transportation with a network of over 100 company-owned and affiliate terminals and facilities in key locations throughout the U.S., Canada and Mexico.
McCarthy Tétrault advised CSX On Canadian matters with a team led by David Blair that included Alexandre Saulnier-Marceau.