Norbrook Package Company has sold its package service, Airpak Express, to Tara Courier Services, four years after buying the operation from its founder.
The sale price was not disclosed.
Tara is buying Airpak’s client base along with some assets such as delivery vehicles, but not the company, Tara founder Steven Laing said.
“We are not buying the company, per se. We are taking over their customer list and whatever vehicles we want,” Laing said.
Airpak Express was founded in 1992 by Christopher Read, who sold out to Khary Robinson’s Norbrook group in 2011. Since that time, Airpak itself has acquired Speed Couriers and Zippy Couriers to advance its footprint in the courier landscape. The company has a staff of more than 90 and operates a fleet of 40 vehicles with 10 locations nationwide.
Norbrook is also parent for Mailpac, an e-commerce logistics operation catering to online shoppers that was a sister company to Airpak.
Airpak ranked itself second in the courier market after Tara, which, through the deal, will significantly increase its delivery capacity in a bid to keep pace with growing demands, the companies said.