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Acquisition protects 350+ Trade Global jobs while expanding Visible’s offering to new regions
SALT LAKE CITY–(BUSINESS WIRE)–
Visible Supply Chain Management (Visible), an industry leader in shipping and fulfillment services for small to midsize businesses, today announced it has purchased the assets of Cincinnati-area Trade Global out of bankruptcy and has elected to continue operating the business. Based in West Chester, Ohio, the company filed for bankruptcy protection in September after its debt burden became unserviceable. Trade Global joins the Visible family of companies and will adopt the parent company name.
The acquisition will protect more than 350 local jobs immediately, as Visible is retaining these positions for the new Visible operation going forward. Members of Trade Global’s leadership team will remain with the company to ensure continuity for customers, vendors and employees.
“Because our focus is always on our customers’ business success, expanding our capabilities to Ohio and beyond means we are creating new possibilities for our clients,” said Casey Adams, president of Visible. “We’ve been interested in Trade Global’s excellent client base and track record of success with high SKU e-commence fulfillment for nearly a year but were unable to move forward given its difficult financial situation.”
As an end-to-end e-commerce solutions provider, Trade Global has served its customers for years with services including fulfillment, logistics and other supply chain and e-commerce functions. The company’s Ohio location creates synergies for new and existing business customers, as well as new markets for Visible.
“Visible continually seeks opportunities to grow in ways that increase our value to our customers,” said Jared Starling, CEO of Visible. “We are especially excited to work with the highly qualified Trade Global team. They will be integral to our success, as well as ensuring a seamless transition.”
The acquisition of Trade Global follows on the heels of Visible winning multiple industry and business awards in 2019 including the #919 spot on the Inc 5000, Utah’s 3rd Fastest Growing Company on the Utah Business Magazine Fast 50 List, the #10 spot on the MountainWest Capital Network 2019 Top Revenue Growth Companies, the regional EY ‘Entrepreneur of the Year’ award in distribution and manufacturing and inclusion as a national finalist in the EY Entrepreneur of the Year Awards.
About Visible Supply Chain Management (Visible)
Since 1992, Visible Supply Chain Management has provided customized solutions for B2B and B2C organizations. With comprehensive services in e-commerce, direct sales, direct response and omnichannel, Visible can design effective strategies for clients that include transportation, logistics, brokerage, fulfillment and even custom packaging solutions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191212005719/en/
Shannon Michael, SnappConner PR
801.806.0150
[email protected]
Source: Visible Supply Chain Management
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