Alliant Exchange, Inc. has acquired The Drescher Corporation and its Dex Transportation subsidiary as the centerpiece of its new, high-return Advanced Distribution Network (ADN). Terms were not disclosed.
Drescher, a 120-year-old distribution company based in Syracuse, N.Y., serves more than 2,000 foodservice distributors from warehouses in Syracuse and in Las Vegas, Nev. Additional facilities are planned. The Drescher Corporation will continue under its current management and existing name.
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“Drescher is one of the most respected names in the distribution business, with a reputation for quality, speed and reliability,” said Earl L. Mason, president and chief executive officer of Alliant Exchange. “Drescher’s professionalism, established customer base and efficiency give our Advanced Distribution Network a strong foundation for profitable growth.”
“We believe that the Alliant Exchange business model is among the most innovative in business-to-business e-commerce,” said W. J. Drescher, Jr., Drescher’s president and chief executive officer. “The fit between Drescher and Alliant Exchange is outstanding, and we are delighted by this new partnership and the opportunities it provides for our customers and our employees.”
As part of the Advanced Distribution Network, Drescher’s warehouses will serve as regional hubs for the product lines of strategic vendors while continuing to expand its existing predistribution business. The hub system will reduce administrative and distribution costs for participating suppliers, permit just-in-time replenishment of traditional foodservice distribution warehouses and permit Alliant Exchange, through its e-commerce company — AlliantLink.com, Inc. — to offer special advertising and promotional opportunities to its members and customers.
“Simply put, this creates a win-win-win situation for all members of The Alliant Exchange,” Mason said. “It establishes Alliant Exchange as the most innovative player in foodservice and business-to-business e-commerce.”
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By GlobalDataJoining W.J. Drescher, Jr. in Drescher’s management team will be Peter H. Drescher, Paul A. Drescher and John M. Drescher.
Alliant Exchange is one of the nation’s largest business-to-business e- commerce and information exchange companies, with total sales of more than $6 billion. The company, one of the largest privately held enterprises in the U.S., is the parent of Alliant Foodservice, Inc., a leading broadline foodservice distributor, and of AlliantLink.com, Inc., an Internet-based service that provides 24/7 access to a catalog of more than 180,000 foodservice products, supplies and value-added services.
