08/06/2009

NFI Acquires Network Logistic Solutions

Cherry Hill, NJ
Distribution Capabilities Expanded with 3 Million Square Feet Increase in Warehouse Space Managed by the Company and 516 More Employees
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.


About NFI

NFI is a fully-integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since 1932, the company generates more than $3.9 billion in annual revenue and employs over 16,000 associates. NFI owns and operates more than 70 million square feet of warehouse space alongside a dedicated fleet of 5,170 tractors and 13,275 trailers. By 2023, NFI will operate the first 100% zero-emission drayage fleet, leading the transition to zero-emission goods movement in the United States. NFI’s relentless innovation and unparalleled service deliver logistics solutions that transform the way business gets done. The company’s business lines include dedicated transportation, warehousing and distribution, ecommerce fulfillment, brokerage, transportation management, port drayage, intermodal, global logistics, and industrial real estate. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.