HJI Supply Chain Solutions acquires Memphis company
HJI Supply Chain Solutions acquires Memphis company
By David A. Mann – Reporter, Louisville Business First
Jan 14, 2019, 12:37pm EST Updated Jan 15, 2019, 1:14pm EST
Louisville-based HJI Supply Chain Solutions has made an acquisition that will grow its geographic footprint and employee headcount.
Last week, the company finalized the purchased of DSI Warehousing Inc., out of Memphis, Tenn., for an undisclosed amount. The purchase gives HJI its first location outside of the Louisville area, said Derek Bland, vice president of new business development.
HJI Supply Chain Solutions has about 200 employees at three local facilities now. DSI employs a mix of 20 to 25 full-time and part-time employees depending on customers’ needs, according to a February 2017 story from the Memphis Business Journal, a sister publication of ours. HJI declined to provide an official number of employees. That MBJ story noted that it had a contract with retail giant Ikea and five other customers providing warehousing and storage, kitting, pick/pack and special projects services.
HJI Supply Chain Solutions is a third-party logistics firm that provides supply-chain management, order fulfillment and value-added warehousing services to clients in the automotive, consumer goods, food and beverage, medical and retail industry sectors.
The company had been looking a different ways to grow knowing that only so much expansion can take place organically, Bland said.
“This opportunity just happened to make sense on both ends,” he said. “This definitely will allow us to expand into other sectors.”
In 2017, HJI officially transitioned company leadership to the family’s second generation, with Condrad Daniels taking the helm as president. Founders and owners Alice and Wade Houston remain involved with the business.
“DSI Warehouse’s capabilities closely align with HJI’s and they share our commitment to innovation and service excellence,” Daniels said in the release. “Establishing a physical presence in Memphis places HJI in another top regional logistics hub. With this expanded access to new industries and markets, HJI will become even more strategically positioned for increased customer diversification and growth.”
HJI will absorb all DSI operations. The acquisition also gives DSI ownership a viable succession plan.
“We’re honored to support the sustainability of another woman-owned and minority-owned company,” Daniels said, “It’s especially gratifying to have done so with a company outside of our Louisville hometown.”