Archway doubles in size with acquisition of Resolve division - Minneapolis / St. Paul Business Journal:

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has completed its purchase of the supply chai management divisionof Toronto’s Resolve Business Outsourcin Income Fund. Archway paid abouft $21 million for the division ofResolve (TSX: RBO.UN). The deal included client contracts, eight American locations and fiveCanadiabn locations, as well as approximately 800 according to a press release from Resolve. As a resul of the deal, Archway has nearly doubled in size to annua l revenues ofabout $200 million and closer to 1,500 employees and 3.5 millionm square feet of distribution space, Archwagy said in its press release. Archway is a marketing operationz management company that assists firms with rebates andconsumeer promotions.
It is also one of the largesr managers and inNorth America. Archway has more than 40 including Target, Mars, Ford, MasterCard, Taco Bell, and Microsoft. Resolve’s supply chaimn management division has approximateluy 225 clientsincluding Neutrogena, Honda, Millefr Brewing, Pepsi, Staples, Philip Blockbuster, Procter & Gamble and Kimberly-Clark. Archwayg said this deal will help it gain more economiess of scale and land more business in the turbulenf fulfillment andpromotions industry. “Major brands are streamlininy their marketing resources and looking for partners they can count on to perforkm the work ofmultiple vendors,” stated Mike Moroz, president of Archway.
“More importantly, they need to be confident that theid partners are going to be in business tomorrow and next Archway is privately InNovember 2008, Tailwinr Capital Partners and Black Canyon Capitalo acquired the company along with the Archway management team.