Tag: Trucking and Distribution

20
Jul

Interstate Distribution – sold again after 6 years for $113 Million

In July 2017 Heartland Express (NASDAQ: HTLD), a transportation and logistics company, made another acquisition with the purchase of 100% stock of Interstate Distribution Co. (IDC) from SaltChuk Resources, Inc. in an all cash deal worth $113 million. The deal will include cash payment of $94 million and assumption of IDC’s $23 million debt and $4 million cash on balance

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