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Lacy company takes stake in Oregon logistics firm

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LDI Ltd. LLC, the holding company for FinishMaster paints and other businesses, has recapitalized and acquired a majority stake in Portland-based Oregon International Air Freight Co. and OIA Global Logistics-SCM.

The two companies, collectively known as OIA, provide logistics services, including freight forwarding, supply-chain management, contract warehousing and packaging, and design fulfillment.
 

lacy-andre-mug Lacy

OIA founder and Chairman Junki Yoshida said in a prepared statement that the transaction with LDI will help enhance and expand services to customers.

“We are always looking for ways to enhance the profitability of our customers—whether they are Fortune 500 companies or middle-market businesses,” he said. “LDI has a long-term strategy that matches perfectly with our vision for growth.”

Yoshida will continue as OIA’s chairman. Logistics industry veteran Charles Hornecker will join the company as CEO.

LDI is a closely held Indianapolis company chaired by Andre Lacy.
 

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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