Fritz Companies, Inc. Acquires Quick Freight & Quickair.Inc. announces the business acquisition of Quick Freight and Quickair, headquartered in Cape Town Cape Town or Capetown, city (1991 pop. 854,616), legislative capital of South Africa and capital of Western Cape, a port on the Atlantic Ocean. It was the capital of Cape Province before that province's subdivision in 1994. , South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Founded in 1923, these companies are involved in all aspects of air & ocean import and export forwarding, customs brokerage and capital projects as well as providing agency services to shippers. "With this acquisition, Fritz now enjoys a more diversified operation in Durban as well as a flagship office in Cape Town. Our Johannesburg offices have expanded to include a warehouse with a bonded facility and the personnel resources of Quick Freight and Quickair," says Paul Horsfall, Co-Managing Director for Fritz Companies, Inc. in South Africa. "Because South Africa is a consignee consignee n. a person or business holding another's goods for sale or for delivery to a designated agent. (See: consign) CONSIGNEE, contracts. One to whom a consignment is made. 2. driven market, we will realize increased traffic throughout the Fritz network. "Conversely, customers around the globe now have a seamless integrated logistics provider with a solid network of South African offices." Anthony Dalton, Managing Director for Quick Freight adds: "Quick Freight has maintained a strong market share in South Africa based on established customer relationships. "Aligning ourselves with Fritz Companies, Inc. positions us globally and enhances not only services we have traditionally provided but now enables us to offer a full complement of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. logistics services such as state-of-the-art information systems, integrated product mix and the myriad of diverse resources Fritz possesses." Fritz Companies, Inc. is a leader in global transportation logistics and related information services See Information Systems. for importers and exporters worldwide. The Company's principal services include logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet , customs brokerage, international air and ocean freight consolidation and forwarding, warehousing and distribution, and other value-added services for the global movement of goods and logistics information. Fritz Companies, Inc. is headquartered at 706 Mission Street, San Francisco, CA 94103, telephone 415/904-8360. The Company's shares are traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Exchange under FRTZ. CONTACT: Fritz Companies, Inc. Kelly Belden Fisher, 415/904-8702 kelly.fisher@fritz.com |
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