American Eagle Outfitters Completes Quiet Logistics Acquisition
Purchase solidifies operational efficiencies for AEO and creates a supply chain platform with significant long-term growth potential
American Eagle Outfitters (NYSE:AEO) today announced it has completed the acquisition of Quiet Logistics and strategic investments for approximately $360 million in cash (including adjustments for closing cash and working capital). Quiet Logistics is a leading logistics company that operates a network of in-market fulfillment centers in Boston, Chicago, Los Angeles, Dallas, St. Louis and Jacksonville, locating products closer to need, creating inventory efficiencies, cost benefits and affordable same-day and next-day delivery options to customers and stores.
