American Paper & Twine, the region's largest independently owned wholesale distributor of packaging materials, food service disposables, janitorial products, and office supplies, has acquired RMJ Distributing Co.in Johnson City, Tennessee.
RMJ Distributing Co. owner Mickey Jilton is stepping down from the business he has led since 1976 so that he can work alongside his daughter at her business, Vintage Jewelry Supply.
"We are excited to bring RMJ under the umbrella of American Paper & Twine," said Bob Doochin, American Paper & Twine President. "In addition to being a privately owned wholesale distributor like us, they have the same commitment to customer service excellence that drives everything we do."
The purchase of RMJ Distributing Co. comes on the heels of the company's recent completion of a new distribution facility in Muscle Shoals, AL, and expansions in their Knoxville and Little Rock warehouse facilities.
Amazon market has no cashiers
Amazon wants to kill the supermarket checkout line.
The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets. It's the latest sign that Amazon is serious about shaking up the $800 billion grocery industry.
At the new store, opened Tuesday in Amazon's Seattle hometown, shoppers scan a smartphone app to enter the store. Cameras and sensors track what's taken off shelves. Items are charged to an Amazon account after leaving.
Drugmaker settles case for $1.6 billion
The generic drugmaker Mallinckrodt has announced a $1.6 billion deal to settle lawsuits it faces over its role in a national opioid crisis.
The company announced the deal Tuesday, saying it has agreement with most states and lawyers representing local governments suing it. The English company was one of the highest-volume opioid producers in the U.S. and is seeking bankruptcy protection as part of the deal.
The deal comes as more disputes have become public in some other companies' efforts to settle opioid suits.