Hy-Tek Holdings acquires supply chain execution vendor FASCOR and integrator LCS
Material handling automation integrator Hy-Tek Holdings announced it has acquired supply chain execution software vendor FASCOR and systems integrator LCS.
FASCOR’s solutions cover warehouse and transportation management and integrate with Dynamics GP, Finance, Supply Chain Management, and Business Central. They also integrate with other ERPs including Oracle. The company has 20 employees.
LCI has 40 employees and, like FASCOR and Hy-Tek, they are Ohio-based. They specialize in providing integrated warehouse systems to distribution and manufacturing facilities.
Hy-Tek serves clients in markets including ecommerce, third-party logistics, and parcel. They are a portfolio company of Dunes Point Capital, LP (DPC), a family office and private investment firm.
Hy-Tek CEO Sam Grooms stated:
Hy-Tek's acquisitions of FASCOR and LCS broaden our offerings as the predominant player in material handling and integrated systems (IS). With FASCOR, Hy-Tek helms the supply chain, delivering robust, agile, affordable execution, transportation, and inventory management software solutions. LCS, a long-standing Hy-Tek partner, expands our IS reach. Committed to growth, Hy-Tek always is looking for best-of-breed companies to join us.