Debevoise & Plimpton LLP is advising Mitsui & Co., Ltd. (“Mitsui”) in its agreement to sell Transfreight North America, a wholly-owned subsidiary that provides logistics services primarily to automotive manufacturers, to U.S.-based Penske Logistics LLC (“Penske Logistics”).

Penske Logistics, a wholly-owned subsidiary of Penske Truck Leasing Co., L.P., provides a wide range of logistics and supply chain solutions to companies in a variety of industries including: automotive, grocery, industrial, retail and pharmaceuticals operating in North America, South America, Europe and Asia.

Mitsui & Co., Ltd. is one of the world’s most diversified and comprehensive trading, investment and service enterprises. Headquartered in Tokyo, Mitsui maintains a global network of 142 offices in 66 countries, and has 426 subsidiaries and associated companies worldwide.

The Debevoise team is led by partner Ezra Borut and includes partner Gary M. Friedman, counsel Naomi Aoyama, Brandon C. Gruner, Stuart Hammer and Huey-Fun Lee, and associates Matthew M. Delja and Claire Hansen Suni.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.