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NFI Acquires Network Logistic Solutions
Distribution Capabilities Expanded with 3 Million Square Feet Increase in Warehouse Space Managed by the Company and 516 More Employees
Cherry Hill, NJ
2009-08-06
CHERRY HILL, NJ – NFI, one of the country’s most diverse supply chain solutions companies, today announced the acquisition of Network Logistic Solutions, a logistics and contract warehousing management company with locations in Jacksonville, FL, Savannah, GA, and Muskogee, OK.
Network Logistic Solutions will become part of NFI Distribution, the warehouse and distribution division of NFI. This acquisition will add 516 employees to NFI’s payroll and an additional 3 million square feet to the warehouse and distribution space managed by the company for a total of 18 million square feet.
“This acquisition enables NFI to provide the Network Logistic Solutions customer base with access to a vast network of integrated services – a one-stop shop for supply chain solutions,” said Sid Brown, CEO of NFI. “It also strengthens our network with growing geographic presence in the critical port cities of Jacksonville and Savannah, and by opening a new presence in Oklahoma.”
“NFI’s reputation for excellent performance, strong management and years of proven success promise a seamless transition for everyone." “We believe NFI and NLS have great synergies together,” said Jim Scheidel, former President of NLS. “We are pleased to join with NFI and look forward to leveraging our joint skills for additional growth opportunities.”
Pat Byrnes, formerly Vice President of Operations for Network Logistic Solutions, will join NFI Distribution as Regional Vice President of Operations.
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NFI offers a variety of services to help businesses manage, grow and succeed in today’s logistics marketplace. It is a fully integrated supply chain solutions provider offering logistics, distribution, transportation, intermodal and real estate services across the U.S. Headquartered in Vineland, NJ, the company owns nearly 60 trucking and maintenance facilities nationwide, with over 10,000 tractors & trailers encompassing Over the Road (OTR) and dedicated fleets. Privately held by one family since its inception in 1932, NFI employs over 5500 individuals, operates over 18 million square feet of contract and public warehouse and distribution space, and generates $800 million in revenue annually. NFI is a partner in the Environmental Protection Agency’s SmartWay program, which is dedicated to increasing energy efficiency and reducing the impact of the freight industry upon the environment. NFI is a one-stop resource for integrated supply chain solutions. For more information visit: www.NFIindustries.com.