Pitney Bowes (PBI) announced that it has acquired the presort business of Royal Alliances, headquartered in Irving, Texas. This acquisition further strengthens the Pitney Bowes Presort Services network in the East, Central and West Regions. Following the effective closing date on January 20, the acquisition is expected to add more than 100M First-Class Mail pieces annually to the Pitney Bowes Presort Services Network. Royal Alliances will continue to operate its technology driven freight brokerage business as Direct Logistics.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBI:
