Minneapolis January 3, 2002 Process management services provider Zomax has signed a letter of intent to purchase the assets of supply chain services provider iLogistix, currently under Chapter 11 bankruptcy protection.
Zomax will attempt to agree to a definitive agreement to purchase iLogistix' assets by January 11, subject to the approval of the bankruptcy court. A bidding process, open to other potential buyers, would follow a definitive agreement.
Founded in 1974, iLogistix, which bills itself as "the click-and-mortar company," provides supply chain services to technology firms, including procurement, inventory management, assembly, fulfillment, e-commerce and distribution services. The company claims a who's who of tech firms in its client base, from Agilent to Apple and from Seiko to Sun Microsystems.
With 500 full-time employees, Freemont, Calif.-based iLogistix has operating facilities in the United States, Netherlands, Singapore, Taiwan, Mexico and Brazil. The privately held company has been cited as one of the largest women-owned businesses in the San Francisco area.
Zomax is a provider of outsourced process management services, including "front-end" e-commerce support, call center and customer support solutions, as well as supply chain and inventory management, distribution, fulfillment and returns processing.