Ruan to acquire Kings County Truck Lines
Nov 1, 2005 12:00 PM
Ruan Transportation Management Systems Inc, Des Moines IA, is acquiring 100% of the outstanding stock of Tulare CA-based Kings County Truck Lines Inc and other related entities of the carrier.
John Ruan III, Ruan chairman; Mike Kandris, Ruan president; and Manuel Mancebo, Kings County president and chief operation officer, jointly announced the transaction that is expected to close by the end of 2005.
The acquisition includes Kings County Truck Lines Inc and its affiliates, Cal Western Transport Inc, Fluid Transport Inc, California Milk Transport Inc, and MSM Trucking LLC.
Kings County operates 12 terminals in California, Oregon, Arizona, and Idaho, and employs approximately 600 people. Founded in 1940 by Manual Mancebo Sr, the carrier primarily hauls milk products in bulk tank, mainly in liquid form, from producers to processing plants and later processed products to distribution centers and store locations.
Closing of the transaction is subject to the completion of Ruan's due diligence procedures and completion of all definitive agreements required to document the transaction.
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