C2, Inc. to Purchase Packaging Business From Kellogg Company Subsidiary, Keebler
13 Febrero 2004 - 3:00PM
PR Newswire (US)
C2, Inc. to Purchase Packaging Business From Kellogg Company
Subsidiary, Keebler MILWAUKEE, Feb. 13 /PRNewswire-FirstCall/ --
C2, Inc. announced today its subsidiary, Total Logistic Control
(TLC), agreed to acquire the Athens Re-packing business and assets
owned by Keebler Company, a subsidiary of Kellogg Company. Terms of
the agreement were not disclosed, however the acquisition is
expected to be completed in April 2004. The 225,000 square foot
facility is located in Statham, Georgia and was built in 2001. It
is a full-service operation providing packaging design, packaging
operations, logistics and warehousing services, along with
technical and engineering support. This business offers significant
capabilities, including shrink wrapping, horizontal flow wrapping,
cartoning, point of purchase displays, club store packs, variety
packs, bag in box, lunch kits labeling and specialty projects. This
business was acquired by Kellogg Company in 2001 as a part of its
purchase of Keebler Foods. William T. Donovan, C2 President and
CEO, said, "This acquisition expands TLC's end-to-end supply chain
management services and increases our presence in the Southeast.
This facility and its capabilities in secondary packaging will
provide TLC with a new platform for growth, not only serving
Kellogg's continuing needs, but also in attracting new customers to
a first-class packaging and logistics service operation. TLC
recently hosted a packaging conference to explore strategic
opportunities in providing fully integrated logistics and packaging
services. The strategic opportunities were well received by major
U.S. food and beverage producers and this acquisition will give us
the ability to execute this strategy." "This sale enables Kellogg
Company to more sharply focus our resources on core manufacturing
operations, while also enhancing the long-term business potential
of the Athens operations. We are pleased that as a part of this
agreement, many of our products will continue to be re-packedunder
TLC's management," said Tim Goaley, Senior Vice President
Operations, Kellogg's Snacks Division. C2, Inc. is a
Milwaukee-based public company with two operating businesses, Total
Logistic Control and Zero Zone. Total Logistic Control TLC, based
in Zeeland, Michigan, is a national provider of integrated logistic
services which include refrigerated and dry warehousing,
transportation operations, supply chain management, dedicated
third-party facility and operations management, food distribution,
bottling and packaging and fulfillment services. Operations are
conducted through a national network of 39 logistic centers with
36.3 million cubic feet of refrigerated capacity and over 3 million
square feet of dry warehouse space making it the tenth largest
provider of refrigerated warehousing services in the United States.
TLC operates a fleet of over 450 tractors with over 750
refrigerated and dry trailers with 3 maintenance facilities. TLC
was recently cited by Inbound Logistics as a Top 10 Provider of
Third Party Logistics Excellence for the sixth year in a row. TLC
is a wholly-owned subsidiary of C2, Inc. More information about TLC
is available at http://www.totallogistic.com/ . Zero Zone Zero
Zone, headquartered in North Prairie, Wisconsin is a manufacturer
of refrigerated and freezer display cases used in grocery,
convenience and drug store chains for retail merchandising of food,
beverage and floral products. In 2002, Zero Zone acquired Zero Zone
Refrigeration which manufactures refrigeration houses and racks to
power and control the refrigeration systems, electrical panels, and
stand-by power for supermarkets, convenience stores and industrial
applications. Zero Zone is a wholly-owned subsidiary of C2, Inc.
More information about Zero Zone is available at
http://www.zero-zone.com/ . Kellogg With 2003 sales of nearly $9
billion, Kellogg Company is the world's leading producer of cereal
and a leading producer of convenience foods, including cookies,
crackers, toaster pastries, cereal bars, frozen waffles, meat
alternatives, pie crusts and ice cream cones. The Company's brands
include Kellogg's, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain,
Rice Krispies, Murray, Austin, Morningstar Farms, Famous Amos,
Carr's, Plantation, Ready Crust, and Kashi. Kellogg products are
manufactured in 17 countries and marketed in more than 180
countries around the world. For more information, visit Kellogg's
website at http://www.kelloggcompany.com/ . Website:
http://www.totallogistic.com http://www.zero-zone.com
http://www.kelloggcompany.com DATASOURCE: C2, Inc. CONTACT: William
T. Donovan, President and CEO of C2, Inc., +1-414-291-9000
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