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Integrated Distribution Services Expands Its Plainfield, Indiana, Operations Center

Integrated Distribution Services Inc., a provider of supply chain solutions for e-commerce and direct to consumer retailers, plans to expand its operations in Plainfield, Indiana. The expansion will create 71 new jobs by 2020. The company will invest $2.725 million to lease and equip a larger, 450,738-square-foot facility in AllPoints Midwest, a bulk industrial park in Hendricks County. The facility, which will allow IDS to consolidate its three Plainfield facilities and transportation services division under one roof, will improve efficiencies and better meet the needs of the company’s expanding customer base and workforce. The company plans to begin renovations in the next few weeks and begin hiring for warehousing, transportation, sales and back office positions late this year.

« J.Kevin Bartol Appointed to EVP, Finance & Corporate Development at Rowan Companies | Main | TGW Names Steve Schwietert VP, Sales & Marketing for Integrated Systems »
Wednesday
Aug012012

Chart Industries to Acquire AirSep Corporation

Chart Industries has entered into a definitive agreement to acquire AirSep Corporation for $170 million in cash and up to $10 million in assumed debt. The transaction also includes senior management retention arrangements to ensure business continuity.

“The acquisition of AirSep is an excellent fit into Chart’s overall gas processing business,” stated Sam Thomas, Chairman, CEO and President of Chart Industries. “It strengthens our BioMedical Group’s oxygen concentrator business and provides a growth platform for on-site air separation gas generation. The acquisition also represents an attractive and stable complement to our large and rapidly growing energy business, including LNG liquefaction and transportation opportunities.”

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