Plans to grow Dixie into additional cities and strategic industries
Dixie Box & Crating Inc. announced that it has been acquired by Continental Holdings Inc., a Richmond, VA-based real estate and investment company with expertise in growth and asset management.
"Dixie is a strong and fast-growing company that already operates in more locations and serves more cities than any other competitor," said Charles Frasier, vice chairman of Dixie. "This acquisition is all about continuing that growth and we couldn't have found a better partner to help further our expansion plans."
The company will continue to operate under the name of Dixie Box & Crating Inc. Dixie President Charles Frasier will become vice chairman, and Dixie corporate Vice President John Deusner will serve as president and chief operating officer. Both will continue to actively manage the business. Joining Dixie's leadership team is Michael Smith, president of Continental Holdings Inc. Smith will serve as Dixie's chief executive officer, bringing a wealth of experience and expertise in growth and asset management.
Dixie Box & Crating offers complete export, domestic and military packaging services ' including on-site packaging and plant dismantling; certified hazardous materials packaging for ocean or air; heavy lift and specialized trucking; project consolidation and marshalling; secure warehousing; and containerization and export preparation of cargo in excess of 100,000 lbs. The company's multi-location facilities/warehouses are strategically located near major US ports and/or manufacturing hubs, allowing customers to choose the most appropriate point of export for their cargo. In addition, Dixie provides materials management and bar coding systems that track each shipment from receipt to its final overseas destination.
"These are exciting times for Dixie," said Michael Smith, president of Continental Holdings Inc. "By combining the strengths of both companies, we will be able to continue to expand our multi-location business model and provide additional services to meet our customers' current and future specialty export packaging needs."
