Arnold Logistics to Acquire National Corporate Marketing, Inc.Business Editors/Hi-Tech Writers LEBANON, Pa.--(BUSINESS WIRE)--Sept. 20, 2000 Arnold Logistics, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Arnold Industries, Inc. (Nasdaq:AIND), is pleased to announce it has signed a definitive agreement to acquire National Corporate Marketing, Inc. (NCM NCM National Corvette Museum (Bowling Green, Kentucky) NCM Nordic Council of Ministers NCM New California Media NCM Nomenclatura Común del Mercosur NCM Non-Commissioned Member (Canadian Military) ) of Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to . NCM provides fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , distribution, direct mail and printing services. Its customer base is a combination of Fortune 500 and smaller companies. NCM operates approximately 270,000 square feet of quality distribution space in Irving, Texas and employs over 125 people. NCM was established in 1988 and is projecting operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of more than $9 million in 2000. NCM will be merged with the existing operations of Arnold Logistics in the Dallas - Fort Worth area giving the company a significant presence in the region. NCM President, Wayne Norton will become Vice President of Southwest Operations for Arnold Logistics. NCM Executive Vice President, Keith Gelles will become Director of Southwest Operations. "The services provided and the corporate culture of NCM are an excellent fit with those of Arnold Logistics. We feel the two companies share a common set of principles and by merging our interests we can better meet the needs of our customers," said Norton. NCM Chairman and founder, Pat Norton added, "We are excited at the opportunity to join forces with Arnold Logistics. It will allow the NCM group to grow at a much faster pace." Arnold Logistics President, Douglas Enck said, "The addition of NCM and their established reputation for quality service with many Fortune 500 companies positions Arnold Logistics for continued dynamic growth both nationally and specifically in the Dallas - Fort Worth metropolitan area. NCM adds depth of management, new services and marketing expertise to the Arnold Logistics portfolio." Arnold Industries Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , E. H. Arnold remarked, "The acquisition of NCM helps Arnold Logistics reach the critical-mass necessary to significantly impact corporate earnings and be a catalyst for future growth at Arnold Industries. As announced last May, we intend to grow Arnold Logistics through strategically located acquisitions and we are continuing our search in the Ohio Valley and Midwest." Arnold Logistics is a rapidly growing business unit of Arnold Industries, Inc. specializing in order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , call center services, distribution, contract packaging services, and returns processing. Arnold Logistics has been in operation for over 24 years with a reputation for the highest quality of customer service. The customer base ranges from Fortune 500 firms to e-commerce start-ups. With the NCM acquisition, Arnold will have over 3.6 million square feet of operating space located in Pennsylvania, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , and Texas. Please visit the Arnold Logistics web site at www.arnoldlogistics.com as well as the NCM web site at www.ncmfulfill.com. Arnold Industries is a transportation and logistics holding company. Operating revenues totaled $428 million in 1999. Business units include New Penn Motor Express, a Northeast regional next-day less-than-truckload motor carrier, Arnold Transportation Services, an irregular route and dedicated truckload truck·load n. The quantity that a truck can hold. truckload n → camión m lleno motor carrier and Arnold Logistics. For more information, please visit the Arnold Industries web site at www.aind.com. |
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