Venanpri Group’s Agrisolutions division, which services the global agricultural marketplace with its Ingersoll and Bellota brands, announced today the signing of a definitive agreement to acquire Trinity Logistics Corporation (“Trinity Logistics”). Trinity Logistics is based in the U.S. and provides fasteners and other components to the agricultural, construction markets. The terms of the transaction were not disclosed.
Headquartered in Davenport, Iowa – TLC operations Trinity has established ten strategically located service facilities throughout the United States. Trinity specializes in the supply of standard and custom components through catalog distribution, customized inventory management programs and product delivery services. Trinity utilizes their industry leading technology to improve the flow of products, services and information across the supply chain resulting in excellence in operations.
“Trinity has built an impressive reputation and business system based on the timely supply of high-quality products and line service to not only the agricultural but construction markets. They provide superior products and services that enable their customers to excel in the marketplace. ,” said Steve Garrette, President of Agrisolutions. “We’re very excited to partner with the Trinity team to grow the company’s service to our clients both domestically and internationally for years to come.”
The addition of Trinity brings significant benefit to Agrisolutions customers worldwide through more efficient inventory management and timely sourcing throughout the supply lines. Trinity systems allow OEMs and other Agrisolutions customers to better serve their markets, reducing cost and adding value. Trinity’s unique abilities allow products to be delivered in the right place at the right time in the most desirable configuration, whether for an OEM’s production line or for rapid delivery to the aftermarket.
The Trinity acquisition further illustrates Agrisolutions’ commitment to providing world class solutions to the markets it serves, going beyond the offering of exceptional products to adding a proven, innovative supply system.
Dan Zehnder, CEO of Trinity Logistics added, “Trinity has built a world class supply chain and logistics model to serve both OE factories and distribution channels using the best in class technology tools and local facilities focused on serving the needs of the client. I am confident that the company will continue to expand in our value-add to our clients and develop new opportunities with the team of Agrisolutions and their stakeholders.”
For more information on Trinity Logistics Corporation, visit its website at http://www.trinitylogisticsgroup.com/.