The transaction announced on Thursday will allow REO Logistics to expand its “in-house suite of supply chain solutions, its manufacturing capabilities and its geographic presence,” which will exceed 3.2 million square feet in the South and Southwest, according to a release from the company. REO Logistics, which has more than 1 million square feet of warehouse space in Waynesboro, been in continuous operation since 1922.
Concepts West has operations in Parkersburg, W.Va., Baton Rouge, La., and Freeport and Angleton, Texas. The company is a supplier of packaging, processing, contract manufacturing and warehousing services to the chemical, petroleum, biological and water treatment industries, as well as to consumer products companies.
“The acquisition of Concepts West demonstrates our corporate commitment to investing in strategic growth opportunities that allow us to better serve our customers’ problems, create opportunities for our employees, invest in our communities and build value for our shareholders,” Rebecca Polan, CEO of REO Logistics, said in the release.