TransLogic Auto Carriers, based in Bad Axe, Mich., has announced the acquisition of 53 percent ownership by CNC Holdings LLC of West Bloomfield, Mich.
Company founder Lyn J Tetreau, who holds the remaining 47 percent of shares, will continue as president of TransLogic, while Ricky N. Coley will serve in the new position of executive chairman.
With 2007 sales of approximately $40 million, TransLogic provides local and long-haul auto transportation services to major car manufacturers, including General Motors, Ford, Chrysler, Honda, VWA, Subaru, Kia and others.
TransLogic provides national central vehicle dispatch with facilities in Detroit, Mich., Colorado, Florida, Virginia, Indiana, and Massachusetts, and 300 drivers.
Executive Chairman Ricky Coley brings over 20 years' background in supply chain and facility management, planning, and operations to the new management team, having served as an executive with Ford and General Motors in logistics operations. President and founder Lyn Tetreau has long experience in sales management and car hauling operations.
Both company leaders believe that their combined, hands-on backgrounds, having represented OEMs and suppliers alike, will ideally position company management to be more responsive and in tune with present and future customer needs.
"Our customers (the OEMs) are focused not only on streamlining their operations and cutting their bottom-line costs," said Coley, "but also on supplier innovations that will help them in more efficient distribution of their vehicles, getting the 'driving-public-desired,' OEM- profitable vehicles to market first."
Company founder Lyn J Tetreau, who holds the remaining 47 percent of shares, will continue as president of TransLogic, while Ricky N. Coley will serve in the new position of executive chairman.
With 2007 sales of approximately $40 million, TransLogic provides local and long-haul auto transportation services to major car manufacturers, including General Motors, Ford, Chrysler, Honda, VWA, Subaru, Kia and others.
TransLogic provides national central vehicle dispatch with facilities in Detroit, Mich., Colorado, Florida, Virginia, Indiana, and Massachusetts, and 300 drivers.
Executive Chairman Ricky Coley brings over 20 years' background in supply chain and facility management, planning, and operations to the new management team, having served as an executive with Ford and General Motors in logistics operations. President and founder Lyn Tetreau has long experience in sales management and car hauling operations.
Both company leaders believe that their combined, hands-on backgrounds, having represented OEMs and suppliers alike, will ideally position company management to be more responsive and in tune with present and future customer needs.
"Our customers (the OEMs) are focused not only on streamlining their operations and cutting their bottom-line costs," said Coley, "but also on supplier innovations that will help them in more efficient distribution of their vehicles, getting the 'driving-public-desired,' OEM- profitable vehicles to market first."
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