LM    Topics 

Hy-Tek Material Handling acquires two Atlanta companies

Acquisition expected to grow annual revenues to $95 million from 2013's revenues of $80 million.


Hy-Tek Material Handling has announced the acquisition of Atlanta, Ga.-based Conveying Solutions, Inc. and Allied Conveyor Systems, effective immediately.

Together, the two companies form the Atlanta office of Hy-Tek’s Integrated Systems Division. The acquisition is expected to boost Hy-Tek’s 2014 revenues to $95 million, an increase of $15 million over 2013 sales of $80 million. Columbus-based Hy-Tek is a single-source provider of material handling solutions for industries including manufacturing, distribution, retail, pharmaceutical, food, electronics, and automotive. The acquisition was announced by Hy-Tek CEO Sam Grooms.

Hy-Tek Integrated Systems/Atlanta employs 14 engineering and project management professionals, overseen by Mickey Thompson, principal of Conveying Solutions and Allied Conveyor Systems. With a solid foothold in the retail industry, Conveying Solutions provides material handling solutions to Neiman Marcus and other luxury retailers, along with discount and chain retailers nationwide. In addition, Conveying Solutions is the full-service authorized dealer for Kardex Remstar vertical storage systems in Alabama and Georgia. Allied Conveyor Systems is a manufacturer of overhead and floor conveyor systems that are used for distribution and warehousing, paint finish and processing, and in-line and flexible assembly operations in industries including automotive, electronic, and agriculture among others.

“For 51 years, the 100-plus employee-owners of Hy-Tek Material Handling have been dedicated to designing and delivering innovative material handling solutions for clients in retail, e-commerce, and other industries. We’re delighted to have Conveying Solutions and Allied Conveyor Systems join the Hy-Tek team. With 34 years of industry experience, Atlanta Division Principal Manager Mickey Thompson has what it takes to support our corporate strategy and serve our clients’ needs. We look forward to expanding Hy-Tek’s presence and delivering hands-on sales, service, and support to manufacturers and distributors throughout Atlanta, the South, and the entire country,” said Grooms.

“Conveying Solutions and Allied Conveyor Systems are thrilled to be part of the Hy-Tek family. An international leader in the material handling industry, Hy-Tek has the comprehensive resources, full-service capabilities, and unsurpassed expertise necessary to support our continued growth throughout the Southeastern United States and beyond,” said Thompson.


Article Topics

Automation
Conveyors
Hy-Tek
   All topics

Latest in Logistics

LM Podcast Series: Assessing the freight transportation and logistics markets with Tom Nightingale, AFS Logistics
Investor expectations continue to influence supply chain decision-making
The Next Big Steps in Supply Chain Digitalization
Under-21 driver pilot program a bust with fleets as FMCSA seeks changes
Diesel back over $4 a gallon; Mideast tensions, other worries cited
Four U.S. railroads file challenges against FRA’s two-person crew mandate, says report
XPO opens up three new services acquired through auction of Yellow’s properties and assets
More Logistics

Subscribe to Logistics Management Magazine

Subscribe today!
Not a subscriber? Sign up today!
Subscribe today. It's FREE.
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today.

April 2023 Logistics Management

April 9, 2024 · Our latest Peerless Research Group (PRG) survey reveals current salary trends, career satisfaction rates, and shifting job priorities for individuals working in logistics and supply chain management. Here are all of the findings—and a few surprises.

Latest Resources

Warehouse/DC Automation & Technology: Time to gain a competitive advantage
In our latest Special Digital Issue, Logistics Management has curated several feature stories that neatly encapsulate the rise of the automated systems and related technologies that are revolutionizing how warehouse and DC operations work.
The Ultimate WMS Checklist: Find the Perfect Fit
Reverse Logistics: Best Practices for Efficient Distribution Center Returns
More resources

Latest Resources

2024 Transportation Rate Outlook: More of the same?
2024 Transportation Rate Outlook: More of the same?
Get ahead of the game with our panel of analysts, discussing freight transportation rates and capacity fluctuations for the coming year. Join...
Bypassing the Bottleneck: Solutions for Avoiding Freight Congestion at the U.S.-Mexico Border
Bypassing the Bottleneck: Solutions for Avoiding Freight Congestion at the U.S.-Mexico Border
Find out how you can navigate this congestion more effectively with new strategies that can help your business avoid delays, optimize operations,...

Driving ROI with Better Routing, Scheduling and Fleet Management
Driving ROI with Better Routing, Scheduling and Fleet Management
Improve efficiency and drive ROI with better vehicle routing, scheduling and fleet management solutions. Download our report to find out how.
Your Road Guide to Worry-Free Shipping Between the U.S. and Canada
Your Road Guide to Worry-Free Shipping Between the U.S. and Canada
Get expert guidance and best practices to help you navigate the cross-border shipping process with ease. Download our free white paper today!
Warehouse/DC Automation & Technology: It’s “go time” for investment
Warehouse/DC Automation & Technology: It’s “go time” for investment
In our latest Special Digital Issue, Logistics Management has curated several feature stories that neatly encapsulate the rise of automated systems and...