MEDIA RELEASE PR37715
syncreon Acquires NAL Worldwide Holdings Inc.
AUBURN HILLS, Mich., Dec. 30 /PRNewswire-AsiaNet/ --
syncreon, a specialized provider of integrated logistics services and
highly customized supply chain solutions to global industries, announced
today it has acquired NAL Worldwide Holdings, Inc. The terms of the
transaction are not being disclosed.
Addison, IL-based NAL is a third-party logistics (3PL) and supply chain
services company providing solutions to the telecommunications, retail,
hi-tech and healthcare industries. The transaction provides syncreon 6
additional US facilities, a national network of 150 service providers and
more than 550 people. In addition, this transaction strengthens syncreon's
service offering and expands end markets served to include telecommunications
and retail.
NAL Worldwide had revenues of US$75 million in 2009 and had been majority
owned by Chicago based private equity firm Lake Capital. Brian Enright,
President & CEO of syncreon, said, "We are very pleased with this
transaction. NAL considerably adds to our capabilities in the key US market
and brings us access to new sectors, customers, capabilities and human
talent. This acquisition builds upon syncreon's core differentiator -
flexible and customized solutions for our customers."
About syncreon
syncreon is a global contract logistics and supply chain management
company that uses its asset-light business model to provide specialized
transportation, inbound, outbound, and fulfillment logistics services. These
services are fully integrated into their customers' supply chain and final
end-client delivery. syncreon is the name given to the new merged company,
following Walsh Western International's acquisition of TDS Logistics in March
2007. syncreon is a global business with its operational HQ in Auburn Hills,
MI. syncreon has activities in 20 countries, with over 50 facilities and
approximately 9,000 employees. syncreon is owned by Irish businessmen Michael
& Brian Enright and New York based private equity firm, GenNx360 Capital
About NAL Worldwide Holdings
NAL is a third-party logistics (3PL) and supply chain services company.
NAL designs and implements supply chain solutions for companies in the
communications, high-technology, healthcare, and retail industries. It offers
life cycle management, configuration/postponement, event driven fulfillment,
regional warehousing and distribution, and transportation management
About GenNx360 Capital Partners
GenNx360 Capital Partners is committed to delivering superior returns to
investors in all its portfolio companies. The firm acquires companies with
proven and sustainable business models in expanding industries and implements
the required operating changes to deliver cost efficiencies and accelerated
growth opportunities. The firm's proven business methodology is based on more
than 100 years of partner experience successfully running global businesses.
investor in syncreon since March 2009.
SOURCE: syncreon
CONTACT:
Michael Neumann,
+1-248-377-4700,
michael.neumann@syncreon.com
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