Article: Allied Holdings' Axis Group Subsidiary Acquires Kar-Tainer International

Acquisition Marks Allied Entry Into International Finished Vehicle Logistics

DECATUR, Ga., April 21 /PRNewswire/ -- Allied Holdings, Inc. (Nasdaq: HAUL), announced today the acquisition of the stock of the Kar-Tainer International group. Kar-Tainer, with offices in the U.S., Bermuda, London and South Africa, has been involved in the containerized shipment of completely built up (CBU) and semi-knocked-down (SKD) vehicles in international markets since 1983.

The purchase price was not disclosed. Kar-Tainer will become a wholly owned subsidiary of Axis Group, Inc., Allied's logistics subsidiary, and Kar- Tainer management, including Managing Director ...

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