Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Advanced Composites
LeftNav
Aerospace
LeftNav
Amorphous Metal Structures
LeftNav
Analysis and Simulation
LeftNav
Asbestos and Substitutes
LeftNav
Associations, Research Organisations and Universities
LeftNav
Automation Equipment
LeftNav
Automotive
LeftNav
Biomaterials
LeftNav
Building Materials
LeftNav
Bulk Handling and Storage
LeftNav
CFCs and Substitutes
LeftNav
Company
LeftNav
Components
LeftNav
Consultancy
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
Pro Engineering Zone
 
 
 
News

HighJump Software to purchase Global Beverage

3M Europe : 17 June, 2007  (Company News)
3M's HighJump Software, announced today that it has entered into a definitive agreement to acquire Global Beverage Group Inc., a provider of delivery management solutions for the direct-store-delivery of consumer packaged goods. Terms of the deal were not disclosed.
Over 500 consumer packaged goods firms rely on GBG's solutions to manage shelf space and branded products. Focusing on the last mile of delivery, its software helps route drivers improve merchandising, delivery and reconciliation of routes, which can lead to increased sales effectiveness and customer service. These solutions provide capabilities for specific markets, including soft drinks, beer, baked goods, wine and spirits, and snack foods.

'HighJump Software helps customers streamline supply chain operations from the original source of materials through final delivery to the end customer,' said Joe Blauert, chief operating officer, HighJump Software. 'We are extremely impressed with the level of control and visibility GBG provides at the point-of-consumption - an area of the supply chain that is often overlooked.'

'Our vision of helping customers solve real supply chain challenges with intuitive solutions is very much in line with HighJump Software's approach,' said Ted Hastings, CEO, GBG. 'We look forward to our software becoming a key element of the suite of supply chain execution solutions that HighJump Software and 3M can bring to customers.'

Complementary acquisitions such as this support both 3M and HighJump Software's core business and growth strategy to expand into adjacent markets. HighJump Software continues to strengthen its ability to deliver supply chain execution solutions to meet the increasing demands of global supply chains.

The transaction is expected to close November 2006, subject to customary closing conditions. Seven Hills Partners served as GBG's investment bank for this transaction.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 NewMaterials.com
Netgains Logo