Visible Supply Chain Management of Salt Lake City, a shipping and fulfillment services company for small to midsize businesses, has announced it has purchased the assets of Trade Global out of bankruptcy and has decided to continue operating the business. Based in West Chester, Ohio, the company filed for bankruptcy protection in September after its debt burden became unserviceable. Trade Global will adopt the Visible company name.{mprestriction ids="1,3"}
The acquisition will save more than 350 local jobs immediately, according to Visible. Members of Trade Global’s leadership team will remain with the company to ensure continuity for customers, vendors and employees.
“Because our focus is always on our customers’ business success, expanding our capabilities to Ohio and beyond means we are creating new possibilities for our clients,” said Casey Adams, president of Visible. “We’ve been interested in Trade Global’s excellent client base and track record of success with high SKU e-commence fulfillment for nearly a year but were unable to move forward given its difficult financial situation.”
As an end-to-end e-commerce solutions company, Trade Global has served its customers with services including fulfillment, logistics and other supply chain and e-commerce functions. The company’s Ohio location creates synergies for new and existing business customers, as well as new markets for Visible, the company said.
“Visible continually seeks opportunities to grow in ways that increase our value to our customers,” said Jared Starling, CEO of Visible. “We are especially excited to work with the highly qualified Trade Global team. They will be integral to our success, as well as ensuring a seamless transition.”{/mprestriction}
