Forest City Trading Group to Acquire Affiliated Resources, Inc.
Forest City Trading Group (“FCTG”) has announced that it will be acquiring the assets of Affiliated Resources, Inc. Affiliated Resources is a manufacturing, marketing, sales and distribution company specializing in the design, production and sales of proprietary branded wood, steel and plastic products. The company services original equipment manufacturing, agriculture, and industrial end user businesses. Mike Wilkins, company founder, will remain with the company as President.
“We’re excited to welcome Affiliated Resources into the Forest City family of companies” stated Craig Johnston, CEO of FCTG. “This acquisition allows us to continue to diversify our portfolio into value added industrial branded products and offer more services and growth into their multiple business segments.”
“Our alignment with FCTG will allow our employees to continue to grow our business and provide them with the scale to service our ever-expanding customer base”, said Mike. “Their high priority on talent acquisition and development, combined with the emphasis that both companies place on customer and supplier relationships fits our business model as we continue to innovate for our growing portfolio of industrial products”.
Forest City Trading Group is comprised of 13 companies each having a unique set of expertise that they provide. They work with the Building Products Industry and forge strategic connections between customers, and suppliers both domestic and international.
The transaction is expected to close on or about August 31, 2021.
Source: Forest City Trading Group, LLC