JACKSON, WYOMING / ACCESS Newswire / January 17, 2025 / Labor Smart Inc. (OTC PINK:LTNC) is pleased to announce the acquisition of Creager Mercantile Co., a Denver-based wholesale distributor with a legacy spanning over 120 years. This acquisition represents a strategic move to enhance Labor Smart's operational capabilities, increase efficiency, and expand market opportunities for its brands and partners.
Creager Mercantile, which generated $22 million in revenue in 2024, brings decades of operational expertise and infrastructure to Labor Smart's platform. Paired with Legacy Distribution, the combined reach of Legacy Distribution and Creager Mercantile now spans over 9,000 retail locations, enabling improved scalability, streamlined processes, and a stronger market presence.
Labor Smart Inc. will issue 400 million restricted common shares (or similar) for 100% ownership of Creager Mercantile Co. Pursuant to the terms of the agreement, the effective date of the acquisition is retroactively dated to November 1, 2024, to ensure financial reporting continuity.
Reinforcing Operational Excellence The acquisition of Creager Mercantile fundamentally strengthens Labor Smart's operations by:
Enhancing Distribution Efficiency
Creager Mercantile's established infrastructure, strategically located in Denver, provides an immediate boost to Legacy Distribution's capabilities.
The company's proven systems ensure faster, more reliable delivery of products to retailers across an expanded network.
Expanding Market Reach
The combined reach of Legacy Distribution and Creager Mercantile now spans over 9,000 retail locations, positioning Labor Smart to deliver broader access to its premium beverage, snack, and spirits brands.
This increased footprint provides significant opportunities for revenue growth and brand visibility.
By integrating Creager's systems, Labor Smart and Legacy Distribution can reduce inefficiencies, improve logistics, and lower costs across the board.
A Statement from Leadership "This acquisition strengthens our ability to serve our major retailers and the brands we own with greater efficiency, broader reach, and an unwavering commitment to excellence," said Brad Wyatt, Co-CEO of Labor Smart Inc. "It's a fundamental win for our business as a whole, reinforcing our ability to create meaningful growth opportunities across the board." said Tom Zarro, Co-CEO of Labor Smart Inc.
Strengthening Partnerships Across the Supply Chain The acquisition also creates immediate benefits for Legacy Distribution's partners and retailers by ensuring:
Consistent Product Availability: Improved distribution infrastructure guarantees that products are always available where and when they're needed.
Collaborative Growth Opportunities: A larger, more efficient network allows partners to scale their businesses alongside Legacy Distribution.
Improved Service Levels: The combined expertise of both companies enhances service quality, responsiveness, and operational reliability.
Looking Ahead Labor Smart's integration of Creager Mercantile represents a significant step forward in building a strong, adaptable, and scalable operational foundation for Legacy Distribution. This acquisition reinforces Labor Smart's commitment to delivering exceptional value to its brands, partners, and stakeholders.
"This is not just about growth-it's about evolution," Wyatt concluded. "We're taking the best of Creager's legacy and combining it with Legacy Distribution's platform for the future, creating an operational network that drives real results."
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