HighJump Software, which specializes in supply chain execution solutions, plans to acquire Global Beverage Group Inc. (GBG), a provider of delivery management solutions for the direct-store-delivery of consumer packaged goods.
HighJump says that more than 500 CPG companies rely on Global Beverage Group's solutions to manage shelf space and branded products. Focusing on the last mile of delivery, GBG software is designed to help route drivers improve merchandising, delivery and reconciliation of routes, which can lead to increased sales effectiveness and customer service.
"HighJump Software helps customers streamline supply chain operations from the original source of materials through final delivery to the end customer," says Joe Blauert, chief operating officer, HighJump Software. "We are extremely impressed with the level of control and visibility GBG provides at the point of consumption-an area of the supply chain that is often overlooked."
"Our vision of helping customers solve real supply chain challenges with intuitive solutions is very much in line with HighJump Software's approach," said Ted Hastings, CEO of GBG. "We look forward to our software becoming a key element of the suite of supply chain execution solutions that HighJump Software can bring to customers."
GBG's solutions reportedly are used by more than 570 organizations that distribute soft drink, beer, baked goods, wine and spirits, and snack foods, as well as candy and tobacco. GBG has offices in Canada and the United States.
The transaction is expected to close November 2006, subject to customary closing conditions. Seven Hills Partners served as GBG's investment bank for this transaction.
Visit www.highjumpsoftware.com and www.gbg.com.
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