HAMILTON, Ont.– Venanpri Group’s Agrisolutions division, which services the global agricultural marketplace with its Ingersoll and Bellota brands, announced today the acquisition of Trinity Logistics Corp. (“Trinity”). Based in the U.S., Trinity provides supply-chain solutions relating to fasteners and other components to leading global OEMs that produce machinery for the agricultural and construction end markets. The terms of the transaction were not disclosed.
Headquartered in Davenport, Iowa, Trinity has established 10 strategically located service facilities throughout the United States. Trinity specializes in the supply of standard and custom components through vendor managed inventory programs and other arrangements tailored to customer needs. Trinity utilizes technology to improve the flow of products, services and information across the supply chain for customers.
“Trinity has built an impressive reputation and business system based on the timely supply of high-quality products and line services to the agricultural and construction markets. They provide superior products and services that enable their customers to excel in the marketplace,” said Steve Garrette, President of Agrisolutions. “We’re very excited to partner with the Trinity team to grow the company’s service to our mutual clients both domestically and internationally for years to come.”
The addition of Trinity brings significant benefit to Agrisolutions customers worldwide through more efficient inventory management and timely sourcing throughout the supply chain. Trinity’s systems allow OEMs to run their production lines more efficiently enabling them to better serve their markets while reducing costs.
Dan Zehnder, CEO of Trinity Logistics added, “Trinity has built a world class supply chain and logistics model to serve both OE factories and distribution channels using the best in class technology tools and local facilities focused on serving the needs of the client. I am confident that the company will continue to expand in our value-add to our clients and develop new opportunities with the team of Agrisolutions and their stakeholders. The full management team of Trinity remain fully committed to continuing to develop the business with their new partners/owners at Agrisolutions”.