Apple Rush Company Acquires Stotland Trucking to Boost Revenue and Growth
TL;DR
Stotland Trucking, LLC has a pipeline for growth with additional business, positioning them for a competitive advantage in the logistics industry.
Stotland Trucking specializes in short haul logistics and plans to expand regionally, creating higher efficiencies in deliveries.
Stotland's partnership with Apple Rush Company will provide additional opportunities for exponential growth and save money for both companies and customers.
Apple Rush Company's expansion into the beverage industry and its use of its own delivery system will create higher efficiencies and save money.
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Apple Rush Company, Inc. has announced its acquisition of Stotland Trucking, LLC, a Texas-based last mile hauler, in a strategic move expected to significantly bolster its top line revenues by over $10 million in 2025. Stotland Trucking specializes in short haul logistics and has been experiencing steady growth, with current revenues surpassing $7 million.
According to CEO Tony Torgerud, this acquisition is a crucial step in Apple Rush's strategy to become a fully vertically integrated holding company. Torgerud noted, “We have been implementing our roll up strategy over the last year and have seen good success in our top line revenues. Our brewing, co-packing, and extraction businesses are setup to do over $10 million in revenue in 2025 and with this acquisition will push us north of $20 million dollars. Our profitability in 2025 will be strong with margins as high as 200% on our websites and 50% in co-packing.”
Torgerud emphasized the cost-saving benefits of having an in-house delivery system, which is expected to reduce expenses for both the company and its customers. He explained that the integration of Stotland Trucking's logistics expertise and resources, including software, insurance, and industry knowledge, will be instrumental in achieving these savings.
Derik Stotland, president of Stotland Trucking, expressed enthusiasm for the partnership, highlighting the potential for growth and expansion. “We have been executing on our business plan and were looking for a partner to grow with. We decided based on the options available to us that Tony and the Apple Rush Company would give us both upside on being a partner and an additional hub to grow our system from. Illinois is a great place to expand to from Texas and a terminal there will give us additional opportunities for exponential growth,” Stotland commented.
He further outlined plans to acquire additional contracts for hauling, add trucking assets, and build a regional system to enhance delivery efficiencies. The collaboration is expected to create higher efficiencies in deliveries, benefiting both companies.
The acquisition aligns with Apple Rush's broader goal of becoming a leader in the distribution of various consumer packaged goods. The company, through its subsidiary APRU, LLC, already boasts a diverse product portfolio including the Apple Rush brand, Element brand, and other labels. For more information about the company's expanded product portfolio, visit www.aprubrands.com, www.element-brands.com, and www.alkhemicalroots.com.
Curated from News Direct
