MEMPHIS, Tenn., December 18, 2019 – Enstructure today announced the acquisition of a 900,000 sq. ft. warehouse and the assumption of a 38-acre long-term land lease with critical rail access expansion by its Memphis-based terminal, Fullen Dock & Warehouse (“Fullen Dock”). The terminal infrastructure expansion, which is adjacent to Fullen Dock’s current facility, will provide the company with an expanded footprint and the ability to service unit trains in the high-growth Memphis market. Fullen Dock acquired the warehouse and land lease from an affiliate of Louis Dreyfus Company (“LDC” or “Louis Dreyfus”), a leading merchant and processor of agricultural goods. In conjunction with the acquisition, LDC will remain a valuable customer of Fullen Dock through a warehouse lease agreement. Terms of the transaction were not disclosed.
“This acquisition more than triples the amount of warehouse storage Fullen Dock can offer to customers and also significantly expands the company’s rail infrastructure” said Matt Satnick and Philippe De Montigny, Co-CEOs of Enstructure. “Memphis is a key logistics hub and we are thrilled to expand our presence in that market. We look forward to our new partnership with Louis Dreyfus.”
Fullen Dock’s extensive operations include three floating docks providing continuous service during high and low river conditions, 1,325,000 sq. ft of warehouse storage, over 900,000 sq. ft. of paved outside storage, a Construction and Demolition landfill and 740 acres of property within six miles of Downtown Memphis. In addition, Fullen Dock sells more than one million tons of limestone aggregate annually. Fullen Dock maintains a fleet of 50 trucks and 100 trailers and provides a direct connection to the Canadian National (CN) Railway. The company also performs river fleeting and tug services and has an extensive list of mobile equipment, transloading conveyors, material handlers and a 100-ton capacity cable crane. Earlier this year, Fullen Dock was designated as a Foreign-Trade Zone.
“This transaction allows Fullen Dock to offer customers additional covered storage as well as unit train service, both of which are in short supply in the Memphis market” said Marvin Frick, President of Fullen Dock. “When combined with the vast amount of industrial land available for development and our FTZ designation, Fullen Dock becomes a very attractive destination for customers looking to locate their facility in, or move their cargo through, the Memphis area.”.
About Fullen Dock and Warehouse Fullen Dock & Warehouse is a full-service river terminal, warehousing, trucking, limestone supply and logistics company located at Mile 740 of the lower Mississippi River, approximately six miles north of Downtown Memphis. Fullen Dock clients include barge brokers, freight forwarders and manufacturers requiring barge services, harbor and tug services, transshipment, trucking and storage within the Mid-South and to other continental U.S. regions. Founded in 1979 in Memphis, "America's Distribution Center," Fullen Dock is located near the junction of I-40 and I-55, with direct rail access to Canadian National (CN) Railway. For more information, visit www.fullendock.com or call (800) 467-7104.
About Enstructure Enstructure LLC, Fullen Dock & Warehouse’s parent company, owns and operates a network of dry, liquid and breakbulk terminals and logistics assets on the East Coast and Inland River System of the United States. Enstructure provides full-service and transparent logistics solutions to some of the world's largest companies. Enstructure’s terminals handle commodities used in the energy, agriculture, manufacturing, construction, and public safety sectors that touch every aspect of daily life.