Printer Friendly

Hipage acquires competitor.

The Hipage Company, Inc., a customs broker and international freight forwarder founded in Norfolk in 1927, recently acquired W.M. Stone & Company, Inc., a local competitor, for an undisclosed amount.

Both firms, privately held, are based in Norfolk. All full time W.M. Stone employees have been offered positions at HIPAGE, which employs 150 people in 12 offices in five states.

The acquisition of W. M. Stone fits our culture," said Linwood D. Beckner, part owner and executive vice president of HIPAGE. "We have known and respected each other for many years, even though we have been competitors."
COPYRIGHT 2008 Lockwood Trade Journal Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Trade News; Hipage Company, Inc.; W.M. Stone & Company, Inc.
Comment:Hipage acquires competitor.(Trade News)(Hipage Company, Inc.)(W.M. Stone & Company, Inc.)
Publication:Tea & Coffee Trade Journal
Article Type:Brief article
Geographic Code:1USA
Date:Jun 1, 2008
Words:98
Previous Article:Buhler Sortex opens new site.
Next Article:SCAA announces 2008-2009 Board of Directors.
Topics:


Related Articles
IT Services: Nordic Number One WM-data Stays Put.
WEBWATCH.
Bones of the ancestors; the Ambum Stone: from the New Guinea highlands to the antiquities market to Australia.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters