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Total Logistic Control To Buy Athens Packaging From Kellogg Company
Zeeland, Mich. -- Officials at Total Logistic Control (TLC), a leading provider of third-party logistics and dedicated manufacturing, announced today that it has reached an agreement with Keebler Company, a subsidiary of Kellogg Company, to acquire the Athens Packaging business located in Statham, Georgia. Terms of the agreement were not disclosed.
Located in a 225,000 sq. ft. facility built in 2001, Athens Packaging is a full-service operation providing packaging design, packaging operations, logistics and warehousing services, along with technical and engineering support. The facility offers significant capabilities, including shrink wrapping, horizontal flow wrapping, carton packing, point-of-purchase displays, club-store packs, variety packs, bag-in-box, lunch kits, labeling, and specialty projects. Kellogg Company acquired the business in 2001, as a part of its purchase of Keebler Foods. “The Athens acquisition fits perfectly with TLC’s strategic growth plan to expand our supply chain capabilities within secondary packaging,” said Bob Koerner, president and chief operating officer of TLC. “This is an exceptional re-packing business, with tremendous capabilities to service our customers.” The acquisition also expands TLC’s presence in the Southeast. The business location and capabilities provide a platform for TLC to not only service Kellogg, but to attract new customers to the first-class repacking business. “This sale enables Kellogg Company to more sharply focus our resources on core manufacturing operations, while also enhancing the long-term business potential of the Athens operations,” said Tim Goaley, Senior Vice President Operations, Kellogg’s Snacks Division. “We are pleased that as a part of this agreement many of our products will continue to be packed under TLC’s management.” Total Logistic Control (TLC) delivers exceptional value in the design, implementation and operation of logistics systems. TLC provides end-to-end supply chain services, including contract manufacturing/packaging, transportation management services, multi-temperature warehousing, logistics management services and supplier management/procurement. The company has received the Top Ten Provider of Logistics Excellence for six consecutive years. TLC is a subsidiary of C2, Inc., publicly traded on the NASDAQ under the symbol CTOO. The company is headquartered at 8300 Logistic Drive, Zeeland, MI 49464. For more information, visit TLC’s website at www.totallogistic.com. With 2003 sales of nearly $9 billion, Kellogg Company is the world’s leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, meat alternatives, pie crusts, and ice cream cones. The company’s brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, Morningstar Farms, Famous Amos, Carr’s, Plantation, Ready Crust, and Kashi. Kellogg products are manufactured in 17 countries and marketed in more than 180 countries around the world. For more information, visit Kellogg’s website at www.kelloggcompany.com. Contact Information:
Kristine Ply TLC Corporate Communications Zeeland, Michigan 616.748.0759 Kristine.Ply@TotalLogistic.com |
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