Dynamex Announces Acquisitions in Denver and Winnipeg.DALLAS--(BUSINESS WIRE)--March 31, 1998--Dynamex Inc. (Nasdaq:DYMX) today announced that it has completed the acquisition of the operations of Colorado Courier and Distribution, Inc. of Denver, Colo. and Alpine ALPINE Antihypertensive Treatment and Lipid Profile in a North of Sweden Efficacy Evaluation (drug trial) ALPINE Advanced Logistics Program Integration and Engineering Enterprises, Ltd. of Winnipeg, Manitoba. Both companies are engaged in the same-day transportation business and have combined annual revenues of more than $4,000,000. Financial terms of the transactions were not disclosed. Richard K. McClelland, Chairman 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. of Dynamex, said, "These acquisitions provide added mass In fluid mechanics, added mass is the inertia added to a system due to the fact that an accelerating or decelerating body must move some volume of surrounding fluid as it moves through it, since the object and fluid cannot occupy the same physical space simultaneously. to our existing operations in Denver and in Winnipeg. Each of the acquired businesses has a focus on providing dedicated vehicle services to certain clients in their respective markets. This is analogous analogous /anal·o·gous/ (ah-nal´ah-gus) resembling or similar in some respects, as in function or appearance, but not in origin or development. a·nal·o·gous adj. to our "fleet management" service. Therefore, Colorado Courier and Alpine bring strong experience and capabilities in managing this segment of the transportation market. We think that the addition of these operations and their management teams, both of which have long standing experience in the industry, will help Dynamex to exploit the fleet management opportunities more aggressively in these particular markets. Dynamex is a leading provider of same-day delivery and logistics services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. CONTACT: Dynamex Inc., Dallas Robert P. Capps, 972/756-8184 |
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