Accelerate360 Distribution, LLC, announced today that it has agreed to acquire assets of Dakota News, Inc. (Dakota), including its wholesale magazine, book distribution and general merchandise business. The addition of the Dakota assets further extends Accelerate360’s distribution network adding eight additional states throughout the Mountain region to the company’s national distribution business.
“Today’s announcement underscores our commitment to the continued growth of our distribution business while ensuring consistent performance and confidence in the supply chain for all of our internal and external partners,” said Accelerate360 President and CEO David Parry. “We look forward to working with the team at Dakota News, as well as the great customers in their footprint that they supply and service to ensure a smooth transition and continued success for all of our retail partners.”
The parties have agreed to enter into a Transition Services Agreement (TSA) to ensure retailers and suppliers continue to receive the high level of service they have come to expect from both Dakota and Accelerate360.
Dakota Managing Director Kevin Mitchell added, “We have been proud to supply our great retail partners for many years. We are confident that this strategic investment by Accelerate is best for the long-term health of the magazine wholesale business for both our retail partners and publishers. Our dedicated employees have always been vital to the success of our business and will ensure that the exemplary service we have provided to our customers continues as we work with the Accelerate team and familiarize them with our operations.”
The acquisition expands Accelerate360’s already extensive network of distribution assets which delivers consumer products to more than 60,000 retail locations weekly.
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