AFS Technologies, Inc., a provider of software solutions to trading partners throughout the food and beverage channel, has completed the acquisition of Becton Schantz, Inc., an Atlanta, GA-based provider of integrated administrative solutions for sales agencies serving the retail, consumer products and food service markets.
The acquisition was funded by AFS Technologies’ own cash balances.
Commenting on the deal Kurien Jacob, Chief Executive Officer of AFS Technologies, said: “The acquisition of Becton Schantz allows us to extend that focus to a trading partner segment that provides a critical link and valuable offerings to the entire supply chain: the sales agency, or broker”.
Phoenix, Arizona-based AFS provides a broad portfolio of powerful solutions including enterprise resource planning, warehouse management systems, business intelligence, order management systems, trade promotion management, forecasting tools and the industry’s largest database of product information for trading partners throughout the food and beverage supply chain.
Following the acquisition, AFS Technologies is expected to serve over 1000 customers across North America and the Caribbean within the manufacturing, sales agency, third-party logistics warehouse, and distribution segments of the food and beverage channel.
Madison Park Group served as the investment banking advisor to AFS on this transaction.