Ekman & Co., a trading operation for the forest products industry, has signed an agreement to acquire KC International. The deal is effective March 31.
KC International is a U.S.-based paper stock brokerage office. The company, headquartered in New Jersey, has offices in Los Angeles and Shanghai, China.
The company, which was recently spun off from Casella Waste Management, is managed by Frank Crowley, Phil Epstein, Randy Kim and B.J. Dowlen.
“This blending of expertise and resources will significantly advance the companies’ ability to offer a broad range of service to suppliers and customers,” said Jan Svensson, president and CEO of Ekman & Co.
Frank Crowley, president of the new venture, adds that “with Ekman’s global presence, financial backing and business synergies the KCI operation will show significant growth over the next three years.”
Ekman has three regional hubs. They are located in Sweden, the United States, and Hong Kong.
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