Agility buys stake in U.S. firm Industriaplex

Kuwaiti logistics firm Agility has acquired a 10.82 percent equity stake in Atlanta-based Industriaplex Inc. for an undisclosed sum.

Agility described Industriaplex as a global sourcing, equipment distribution and facility services company that provides integrated supply, installation and maintenance solutions. Its customer base is in the United States, Canada, Kuwait and China and the company generated sales of $94.4 million in 2007. Industriaplex was founded in 1999 and has more than 100 employees with offices in Atlanta; Carson, Calif.; Hong Kong; and Shanghai, China.

Through this partnership, we continue to focus our strategy of differentiating Agility's capabilities and solution offering to its customers by adding sourcing and related value adding services in key emerging markets, said Essa Al Saleh, president and chief executive officer of Agility's global integrated logistics division.

Brian Robbins, Industriaplex's president and chief operating officer, said of the deal: Following the alliance with Agility, Industriaplex now has a top quality logistics partner to reliably service the requirements of our customers. We will now also have access to growth capital, as well as Agility's increasing customer base.

Source: American Shipper