Memphis, TN, October 18, 2007 --(PR.com
)-- Mallory Alexander International Logistics announced it has acquired all the assets of 7M Transport, Inc., in a private transaction. The facilities, capabilities and personnel of 7M Transport will continue as part of Mallory Alexander's integrated supply chain solution. Financial terms of the acquisition were not disclosed.
“Adding 7M and its highly experienced team to Mallory Alexander brings new strength to our customers who need NVOCC services as well as those shipping household goods internationally,” says Neelly Mallory III, president of Mallory Alexander. “This acquisition adds a strategic office for Mallory Alexander's existing customers at the 7M office in Louisville, Kentucky.”
7M's Steven Leff has been named director of business development for Mallory Alexander. “7M customers will see no interruption in the detailed, expert attention to which they are accustomed. Rather, our focus during this integration will be to bring additional global services to those 7M customers who need them, and to continue providing the seamless, reliable services customers expect from 7M,” Leff says.
Commenting on the transaction, Howard Leff, president, 7M Transport said, “We saw the need to expand our service offerings while maintaining the people and high quality we've been proud of since the company's founding in 2000. I've known Neely Mallory III--and his company's customer--first focus-for many years. This acquisition is the right fit for us, and for our customers.” The acquisition of the company, started by Leff in 2000, is another milestone in his 49-year career in the logistics industry.
7M Transport will be operated as a subsidiary of Mallory Alexander. In particular, 7M's household goods division will remain intact, providing current customers with uninterrupted service, as well as bringing significant new services to all Mallory Alexander customers. The announcement was timed to coincide with the Household Goods Forwarders Association of America Annual Meeting in New York City, October 14-17.
About Mallory Alexander International Logistics
Mallory Alexander International Logistics (www.mallorygroup.com) is a leading third-party logistics (3PL) provider. As a specialist in global logistics and supply chain services, Mallory Alexander acts as a single source for all logistics and supply chain needs. Specifically, Mallory Alexander provides public and contract warehousing, freight forwarding (international, domestic, air and ocean), custom brokerage, import/export services, intermodal trucking and transportation, logistics services and consulting.
Mallory Alexander is a fourth-generation company, with 19 offices and 32 worldwide warehouse operations and distribution centers. The company has more than 500 employees. Previously, Mallory Alexander was known as Alexander International and Mallory Distribution Centers, which operated as separate subsidiaries of The Mallory Group.