GENCO Announces IOgistics' Name Change.Business Editors PITTSBURGH--(BUSINESS WIRE)--March 17, 2004 Today, leading third-party logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. provider, GENCO GENCO Generation Company (Pakistan) GENCO General Company , announced the official name change of their acquired entity IOgistics. GENCO acquired IOgistics for their non-asset based logistics technology and services that provide transportation solutions complementing GENCO supply chain solutions. Based in Green Bay, WI, IOgistics was acquired by Pittsburgh-based GENCO in July 2003 and is now known as the Supply Chain Management division of GENCO. "Dropping the IOgistics name was a natural next step rooted in the team-based culture of GENCO," said Herb Shear, chairman and chief executive officer of GENCO. "IOgistics has quickly become an integral part of the GENCO team. This is a transition to ensure that our customers know that when they are dealing with our IOgistics teammates, they are dealing with GENCO." The new Supply Chain Management division of GENCO is led by Larry Chaplin. Chaplin has a long history of success in the transportation and supply chain management field and served over 20 years with Schneider Logistics and Schneider Transportation before starting IOgistics with Larry Sur in 1999. Larry Sur is now vice chairman of GENCO. "We are excited to be a part of the GENCO team," said Chaplin. "It gives us the chance to provide complete supply chain solutions for our customers." Due to a newly implemented reorganization including the acquisition of IOgistics, GENCO is now departmentalized by service solution sets including Retailer Solutions, Manufacturer Solutions, Supply Chain Management Solutions, Infrastructure Solutions and Software Solutions. About GENCO Founded over 100 years ago, GENCO is a recognized leader in supply chain management solutions and execution excellence. With more than 80 facilities nationwide and over 100 software installations worldwide, GENCO services a wide array of customers including Wal-Mart, Unilever, Target, J.C. Penney, Kmart, Wendy's, Braun, Revlon, IKEA IKEA Ingvar Kamprad Elmtaryd Agunnaryd (Swedish home furnishings retailer founder's initials and location) , LeapFrog, Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. , Kimberly-Clark, Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , Reckitt Benckiser Reckitt Benckiser plc is one of the world's leading manufacturers of cleaning products and a member of the FTSE 100 Index of the largest companies traded on the London Stock Exchange. It is headquartered in the town of Slough just to the west of Greater London. , Hewlett Packard, Pliant, John Deere, Hershey Foods, Levi Strauss, Novartis, Eckerd, Master Lock, ACCO ACCO American College of Chiropractic Orthopedists ACCO Association of County Commissioners of Oklahoma ACCo American Cyanamid Company ACCO Adenoid Cystic Carcinoma Organization ACCO American Clip Company ACCO Assistant Central Control Officer and Harley-Davidson Motor Company. For more information, visit www.genco.com. |
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