Petrone Worldwide, Inc. Announces an Agreement to Acquire Transpower Component (India) Pvt. Ltd; a Leading Indian Manufacturer of Disposable Food Service Aluminum Products
Petrone Worldwide, Inc. (OTC:PFWI), a leading distributor of commercial grade tabletop, guest & bathroom accessory solutions for the Asian and European marketplace announces today that it is expanding its food service disposables offering and has signed an agreement to acquire Transpower Component (India) Pvt. Ltd. through a share purchase agreement. Transpower is a leading Indian manufacturer of Food Service disposable aluminum products committed to quality, convenience and innovation. Assortment includes steam table pans, rounds, squares, oblongs, ovals in a variety of sizes with coordinating aluminum, board lids. Roll foil is available in a variety of widths and lengths in both standard for Catering, Bakery, Carry Out and Food Processors. Some Key customers are Wal-Mart, Dominos and Amazon to name a few.
Petrone Worldwide, Inc. Announces the Signing of a Strategic Agreement to Undertake JIT (Just in Time) Distribution to All Dewan & Sons India Customers in North America
Petrone Worldwide, Inc. (OTC:PFWI), a leading distributor of commercial grade tabletop, guest & bathroom accessory solutions for the Asian and European marketplace announces today that it has expanded its business with Dewan & Sons by signing a new strategic partnership. Dewan & Sons India, a leading Houseware articles government export house is now establishing a presence in the United States, and PFWI, the appointed North American exclusive agent, today announced the signing of a strategic agreement to undertake direct sales and JIT distribution to all Dewan customers in North America. "The value-added warehousing and distribution (VAWD), dedicated contract carriage (DCC), domestic transportation management (DTM) of PFWI coupled with JIT and lean inventory management will be a significant cost savings for Dewan" said Victor Petrone, CEO of PFWI.