Nexus Distribution announced today that it has completed the sale of it's southeast and northeast regional hubs to Kane Is Able (KANE), a third-part logistics provider headquartered in Scranton, PA. Nexus strongly believes this transaction will provide powerful flexibility as we continue to actively manage and shape our future.
Dean Hansen, CEO of Nexus Distribution stated "The sale of our northeast and southeast assets is a positive step in our efforts to generate long term growth in our home base region, the Midwest. We believe this alliance will create the leverage necessary in these markets, and enhance the competitive advantage our customers have come to expect in these regions created over the decades. Nexus continues to be a top provider of logistics services to the Chicagoland area and this transition solidifies our commitment to continuing to serve our current and prospective customers in this area."
Kane Is Able has been at the forefront of logistics since 1930. We are proud that they elected Nexus to become a part of their future. We truly believe that our people, customers and family values have found a good home and a bright future in
The sale was completed on September 30, 2014. Nexus and Kane Is Able have been working together to secure a smooth transition for employees and customers alike.