Keller Manufacturing Co. Inc. Announces Subsidiary TA Logistics Enters Small Parcel Supply Chain Industry with its purchase of QPS in Wake Forest, North Carolina

Rhea-AI Summary

Keller Manufacturing Co. (OTC PINK:KMFI) announced the acquisition of QPS of Wake Forest, North Carolina, by its logistics subsidiary, TA Logistics, on October 15, 2021. The acquisition aims to enhance Keller's commitment to the logistics sector and expand its small parcel supply chain services. CEO Doug Rink expressed optimism about leveraging QPS's established relationships with carriers like DHL and UPS to grow their business. QPS has a strong history of increasing sales in its community.

Positive

• Acquisition of QPS enhances Keller's logistics capabilities.
• QPS has a proven track record with consistent sales growth over 20 years.
• Opportunity to leverage existing partnerships with major carriers like DHL and UPS.

Negative

• None.

LOUISVILLE, KY / ACCESSWIRE / October 22, 2021 / Keller Manufacturing Co. Inc. (OTC PINK:KMFI) announced that its subsidiary TA Logistics, Inc., a freight brokerage business, purchased QPS of Wake Forest North Carolina on Friday, October 15^th 2021 deepening its commitment to the logistics industry.

"QPS of Wake Forest has been a community resource for over 20-years in this part of North Carolina and I'm excited to bring the small parcel supply chain business into the fold of the larger freight business we currently serve." -Doug Rink, CEO of Keller and President of TA Logistics, Inc. said.

"We currently serve some of the same carriers like DHL Global and now DHL Express, along with others including UPS (ticker symbol: UPS) and FedEx (ticker symbol: FDX). We plan to "cross fertilize" our freight forwarding knowledge while simultaneously growing the small parcel business that QPS brings us to continue to grow our band, the sky's the limit..!"- Rink goes on to say.

Professionals in the transaction were: Neal Isaacs, MBA, CM&AP Managing Partner of VR Business Brokers of Raleigh and Peter A. Hanna of Hopler, Wilms, & Hanna, PLLC of Durham, North Carolina.

About QPS of Wake Forest

QPS of Wake Forest has long history of serving the Wake Forest, North Carolina market and increasing sales every year, this location has been served carriers like UPS, Federal Express, DHL Express and United State Postal Service for over two decades. (919) 569-0072

About Keller Manufacturing Co. Inc.

The Company history dates back to 1866 when the Keller Store in Corydon, Indiana was established. From that time, the operation entered into various businesses, including running an electrical light plant, manufacturing spokes for farm wagons, operation in a hub-mill, farm wagon production, building barns, producing wooden porch furniture, wooden truck bodies and refrigerator boxes, as well as making end tables, magazine racks, chair parts, and Trucking. The Company was incorporated in 1906 under the laws of the State of Indiana and two subsidiaries in North Carolina and South Carolina. The company can be reached: info@kmfi.net

Disclaimer

The press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy shares of Keller in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction, and the distribution of this communication in jurisdictions may be similarly restricted. The matters discussed herein may also be affected by risk and uncertainties described from time to time in Keller Manufacturing Co., Inc's filings with the OTC Markets News Service. The company assumes no obligation to update any forward-looking statement.

SOURCE: Keller Manufacturing Company, Inc. (The)

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FAQ

What is the recent acquisition by Keller Manufacturing Co. (KMFI)?

Keller Manufacturing Co. announced the acquisition of QPS of Wake Forest by its subsidiary TA Logistics on October 15, 2021.

How does the acquisition of QPS impact Keller Manufacturing Co. (KMFI)?

The acquisition strengthens Keller's logistics capabilities and expands its small parcel supply chain services.

Who is involved in the acquisition of QPS by Keller Manufacturing Co. (KMFI)?

The acquisition was facilitated by Neal Isaacs of VR Business Brokers and Peter A. Hanna of Hopler, Wilms, & Hanna.

What is the history of QPS of Wake Forest?

QPS has served the Wake Forest market for over 20 years, consistently increasing sales and working with major carriers.

What is the significance of the acquisition for Keller Manufacturing Co. (KMFI)?

It allows Keller to leverage QPS's established supply chain and carrier relationships to drive growth.