Tote That Barge, Lift That Bale
HARRISBURG, Pa. — D&H Distributing co-presidents Dan Schwab (above left) and brother Michael (above right) literally helped move product last month by pitching in on stocking, inventory and shipping duties at the distributor’s Katie Court warehouse here. The presidential pair lent two extra sets of hands to fulfillment operations during the busy holiday season, while getting face-time with warehouse employees.
SED Names Elster CEO
TUCKER, GA. — SED International Holdings has promoted president and COO Jonathan Elster to CEO, succeeding company co-founder Jeanie Diamond, who retired last month.
“I am very proud of my achievements as SED’s CEO, and I am optimistic about the future and confident the company has the necessary leadership to implement its long-term business objectives with Jonathan at the helm,” said Diamond, who will continue to sit on SED’s board.
Elster joined SED in 1995 as a sales representative, rose to sales manager in 1997 and was elevated to sales VP in 1999. The following year he was promoted to sales and marketing senior VP, he was named executive VP in January 2004, and he was promoted to president last June.
“It’s a great honor to become SED’s next CEO, and I’m very excited about the opportunities presented in leading SED toward the future,” Elster said.
Synnex Buying Gaming Distributor
FREMONT, CALIF. — Synnex, parent of CE distributor New Age Electronics, has entered into a definitive agreement to acquire the North American assets of Jack of All Games, a $282 million video game distributor based in West Chester, Ohio. Synnex said the $43.3 million cash deal will provide it with an established distribution footprint in the $20 billion video game hardware and software segment. Following the acquisition, from parent Take-Two Interactive Software, Synnex will retain the distribution rights for game consoles, video games, PC software and accessories from leading video game manufacturers and publishers including Activision Blizzard, Electronic Arts, Microsoft, Nintendo and Sony, as well as Take-Two.
“Jack of All Games is a well-respected leader in this space,” said Synnex president/CEO Kevin Murai. “We are excited about the growth opportunities this acquisition brings, and the value we will create for our customers and vendors as we capture synergies with our core distribution business, particularly through our 2008 acquisition of New Age Electronics.”
The transaction is expected to close in March.
Brightpoint Named A Top 50 Logistics Provider
INDIANAPOLIS — Brightpoint, the global wireless distributor, for the first time was named a Top 50 Logistics Provider by Transport Topics magazine in its annual survey of the largest logistics companies, ranking 46 out of 50.
“Brightpoint is pleased to be included as a Top 50 logistics provider,” said J. Mark Howell, president of Brightpoint Americas. “This award proves our commitment to our customers continues to be the foundation of our success.”
Brightpoint provides distribution, channel development, fulfillment, product customization, e-business solutions, and a variety of other outsourced services to more than 25,000 B-to-B customers worldwide. The $4.6 billion business has approximately 2,700 employees in more than 25 countries and processed about 84 million wireless devices worldwide last year.