Plutonic Panda
01-02-2015, 09:26 PM
Petra Industries acquires Remy International warehouse in Edmond
EDMOND — Edmond’s Petra Industries, wholesale distributor of consumer and custom electronics, said Wednesday it had acquired a nearby warehouse from Remy International Inc. for expansion.
Edmond’s Petra Industries, wholesale distributor of consumer and custom electronics, said Wednesday it had acquired a nearby warehouse from Remy International Inc. for expansion.
Terms of the purchase from Pendleton, Ind.-based Remy were not released. The Remy property is at 3400 S Kelly Ave., less than a mile from Petra’s headquarters at 2101 S Kelly.
Remy, a publicly traded manufacturer and remanufacturer of starters, alternators and automotive electrical components, had the property for sale for some time. Remy spokespeople could not be reached Wednesday.
“This is an exciting time for Petra. The easy access of a new facility in such close proximity to our current headquarters, just a two-minute drive away, will allow for a smooth transition as we expand our operations,” said Bill Stewart, Petra founder and CEO. “Dealers have relied on us for world-class service for 30 years, (and) as we incorporate state-of-the-art distribution center technologies into this new facility we’ll deliver an even higher level of service to our customers.”
- Petra Industries acquires Remy International warehouse in Edmond | News OK (http://newsok.com/petra-industries-acquires-remy-international-warehouse-in-edmond/article/5380758/?page=1)
EDMOND — Edmond’s Petra Industries, wholesale distributor of consumer and custom electronics, said Wednesday it had acquired a nearby warehouse from Remy International Inc. for expansion.
Edmond’s Petra Industries, wholesale distributor of consumer and custom electronics, said Wednesday it had acquired a nearby warehouse from Remy International Inc. for expansion.
Terms of the purchase from Pendleton, Ind.-based Remy were not released. The Remy property is at 3400 S Kelly Ave., less than a mile from Petra’s headquarters at 2101 S Kelly.
Remy, a publicly traded manufacturer and remanufacturer of starters, alternators and automotive electrical components, had the property for sale for some time. Remy spokespeople could not be reached Wednesday.
“This is an exciting time for Petra. The easy access of a new facility in such close proximity to our current headquarters, just a two-minute drive away, will allow for a smooth transition as we expand our operations,” said Bill Stewart, Petra founder and CEO. “Dealers have relied on us for world-class service for 30 years, (and) as we incorporate state-of-the-art distribution center technologies into this new facility we’ll deliver an even higher level of service to our customers.”
- Petra Industries acquires Remy International warehouse in Edmond | News OK (http://newsok.com/petra-industries-acquires-remy-international-warehouse-in-edmond/article/5380758/?page=1)