Associated and Peach State Integrated Technologies Inc., both providers of integrated supply chain solutions, announced today that Associated will acquire Peach State. Under the agreement, Peach State will operate as a subsidiary of Associated. The transaction is expected to be completed in the first quarter of 2014.
Both companies offer supply chain consulting, engineering, and automated material handling solutions. The acquisition represents a strategic move by Associated to broaden its service offerings and reach beyond material handling, according to the company. "We have made the commitment to transform from the material handling company of the past to the supply chain solution provider of the future," said Michael Romano, president/CEO of Associated. "This represents a significant step in that direction."
Peach State will continue to operate under its name and brand identity with the same leadership and organizational structure, including its current president, James R. Bowes Jr.