Mallory Alexander International Logistics acquires Quast & Co., Inc.
Mallory Alexander International Logistics announced the acquisition of Quast & Co., Inc., marking another milestone in
the companys history.
Memphis, TN (PRWEB) June 23, 2005 -- From cotton bales to video game sales, Mallory Alexander International Logistics (http://www.mallorygroup.com) has been serving Americas leading industries for more than 75 years. Today it announced the acquisition of Quast & Co., Inc., marking another milestone in the companys history.
This strategic acquisition was consummated to provide customers with a stronger suite of supply chain management and logistics options. Shippers currently using the services of either company will benefit from a broader range of supply chain services and additional locations as a result of the acquisition, under which all operations of both companies will be provided by Mallory Alexander.
The service offerings and the Quast & Co. site at Chicagos OHare International Airport enhance the global supply chain and logistics capabilities of Mallory Alexander," said Neely Mallory III, president of Mallory Alexander. In addition to new locations, our acquisition of Quast & Co. brings additional international, air freight forwarding and ocean services directly into our unified strategic supply chain vision."
Financial terms of the transaction between the two privately held companies were not disclosed.
The two companies have earned strong customer loyalty, built on decades of excellent transportation and logistics service. Mallory Alexander was founded in 1925 and Quast & Co. was established nearly 40 years ago. Combining the strengths of these two respected organizations will bring all our customers new benefits," said Mallory.
Mallory Alexanders dedication to superior customer service is built on its experience handling specialized and high-value goods. At its inception in 1925 (and first conducting business as Memphis Compress and Storage Company), it met the storage and handling needs of Memphis area cotton merchants and producers. As the company expanded, it gained the trust of a wide range of shippers, including those moving valuable merchandise such as white gold, delicate flowers and priceless artifacts including fine art. The discipline required to handle these sensitive shipments is applied across the entire Mallory Alexander organization, serving present-day shippers around the world.
Mallory Alexander now offers the specialized services provided by Quast & Co., including import/export, customs brokerage, international freight forwarding and consulting as well as the air freight forwarder services of affiliate Quast Air International, Inc. The acquisition also includes Quast & Co. affiliate Ocean Air Transport — licensed by the FMC to act as an NVOCC worldwide — with expertise in steel, project and heavy lift cargo.
About Mallory Alexander International Logistics
Mallory Alexander International Logistics is a leading third-party logistics (3PL) provider. As a specialist in global logistics and supply chain services, Mallory Alexander acts as a single source for all logistics and supply chain needs. Specifically, Mallory Alexander provides public and contract warehousing, freight forwarding (international, domestic, air and ocean), custom brokerage, import/export services, intermodal trucking and transportation, logistics services and consulting.
Mallory Alexander is a fourth-generation company, with 19 offices and 12 strategically located warehouses and distribution centers throughout the U.S. The company has more than 500 employees worldwide. Previously, Mallory Alexander was known as Alexander International and Mallory Distribution Centers, operated as separate subsidiaries.
# # #
Bookmark -
Del.icio.us |
Digg |
Furl It |
Spurl |
RawSugar |
Simpy |
Shadows |
Blink It |
My Web
|
