Quadrant Management Inc. acquired substantially all of the assets of General Flange & Forge LLC (“GF&F”) from ARC Group Worldwide, Inc. for $3 million.
September 17, 2017
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Quadrant Management Inc. acquired substantially all of the assets of General Flange & Forge LLC (“GF&F”) from ARC Group Worldwide, Inc. (NasdaqCM:ARCW) for $3 million on September 15, 2017. The total sale price for the auction sale was paid in cash. As part of consideration, $0.2 million will be held back and will be paid upon release of certain GF&F third party equipment liens. The consideration is subject to certain working capital adjustments. The Board of Directors of ARC Group Worldwide appointed a special committee consisting solely of independent Directors to oversee and negotiate the sale process of General Flange & Forge. The proceeds from the sale will be used to reduce ARC Group Worldwide debt.
Quadrant Management Inc. completed the acquisition of substantially all of the assets of General Flange & Forge LLC (“GF&F”) from ARC Group Worldwide, Inc. (NasdaqCM:ARCW) on September 15, 2017.
RM2 International, Inc. is the owner and operator of the BLOCKPal, a technologically advanced, composite pallet. The Company provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) Internet of Things (IoT) technology for pallet traceability, delivering real-time actionable insights and data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance. Its IoT sensor data are transmitted to the cloud via the long-term evolution-machine (LTE-M) network, making visible the palletâs location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Companyâs RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.
Quadrant Management Inc. acquired substantially all of the assets of General Flange & Forge LLC (“GF&F”) from ARC Group Worldwide, Inc. for $3 million.
RM2 INTERNATIONAL, INC. 