PlanGraphics Moves to Acquire Kansas-Based Carrier
PlanGraphics, which recently acquired Integrated Freight Corporation in a "reverse merger," plans to purchase M. Bruenger Trucking Co., Inc., a refrigerated and dry freight carrier out of Wichita, Kan
PlanGraphics, which recently acquired Integrated Freight Corporation in a "reverse merger," plans to purchase M. Bruenger Trucking Co., Inc., a refrigerated and dry freight carrier out of Wichita, Kan.
The acquisition is subject to due diligence and other conditions.
Established in 1936, M. Bruenger has grown into one of Kansas' largest refrigerated and dry van carriers, with 2009 revenues of over $21 million. Bruenger's authority has expanded to include aviation materials, canned goods, foodstuffs and many general commodities. Bruenger also moves produce with service into Canada. Service is coast to coast with a modern fleet of refrigerated and dry van trailers. Out of its central dispatch center in Wichita, the company operates 160 tractors, 187 refrigerated units and 30 dry vans.
"They have a strong management team, a strategic location for Integrated Freight Corp. and a long respected history in the industry," said Paul Henley, CEO of Integrated Freight.
PlanGraphics has filed a preliminary Schedule 14C with the Securities and Exchange Commission to obtain stockholder approval of a name change to "Integrated Freight Corporation." PlanGraphics provides truckload motor freight services through two subsidiaries, Morris Transportation located in Hamburg, Ark., and Smith Systems Transportation located in Scotts Bluff, Neb.
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