TALLMADGE, OH – Acquisitions are all about growth, and Peoples Services-owned Total Distribution, Inc. (TDI) is pressing the gas on expansion. The company recently acquired assets of Ohio-based Kandel Storage as it aims to expand its footprint and bolster its customer base.
“The acquisition continues the strategy of further diversifying and expanding the food-related services offered by PSI and its affiliates,” said Doug Sibila, CEO and President of Peoples Services. “Kandel Cold Storage’s key customers were a critical component and rationale for the acquisition. Kandel Transport, Inc., owned by Jack Daniels, will not be impacted by the acquisition of Kandel Cold Storage and will be a key partner of TDI in providing temperature controlled, refrigerated and frozen transportation services.”
According to AJOT, this acquisition builds on Total Distribution’s network of over eight million square feet of warehouses. Kandel will reportedly operate as Total Distribution and continue working from its original facility.
What does this team-up mean for the cold storage industry as a whole? Stay tuned as ANUK reports.