America's Remanufacturing Company Announces Equity Investment by Private Investor
AUGUSTA, Ga., October 10, 2017 (Newswire.com) - America’s Remanufacturing Company, a reverse logistics and remanufacturing solutions company servicing OEMs, Distributors, and Retailers, announces an equity investment by David Hogan. The investment will support company’s expansion into adjacent product categories, accelerate geographic growth, and fund new investments in data analytics. As part of the investment, Mr. Hogan will join the company’s board of directors and serve as company president.
On the investment, ARC CEO Mark Branum said, “The timing of the investment is perfect as we shift our business model from traditional fee for service to partnering with our clients to provide data and analytics; resale and fulfillment; and a suite of additional services that protect company brands, reduce the financial impact of returns, and remove products from the landfill. David brings a keen understanding of operations and logistics honed during his time as a captain in the Marines that will enable him to execute the strategic plan, as well as, bolster our leadership team.”
“I have actively studied the global landscape of reverse logistics companies and feel a special affinity for the people and business of America’s Remanufacturing Company,” said David Hogan. “I am excited to expand our service offering and help our OEM clients gain better access to information that will improve their products and global supply chains.”
About America’s Remanufacturing Company
America’s Remanufacturing Company (ARC) is a reverse logistics and remanufacturing solutions company that helps OEMs, Distributors, and Retailers reduce costs, protect brands, improve customer experience, and gain access to key data from returned products. Our solutions are guided by a simple principle: help companies redefine remanufacturing to improve their operations. ARC serves customers in key consumer product categories, including Small Appliance, Small Electric, Floorcare, Electric Hand Tools, and Outdoor Power Equipment. America's Remanufacturing Company is uniquely positioned as the only vertically integrated solutions company in North America to offer remanufacturing, recycling and resale services. ARC is a member of the Remanufacturing Industries Council and supports ANSI standard RIC001.1-2016: Specifications for the Process of Remanufacturing.
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Source: America's Remanufacturing Company