Author: tzgeurope

ABCO Systems Acquires FastFetch

Posted on by tzgeurope

CARLSTADT, N.J., March 4, 2024 /PRNewswire/ — ABCO Systems LLC announced today its acquisition of FastFetch, known for its best-in-class order fulfillment technologies. This strategic move is set to expand ABCO ‘s reach within the Warehousing and Distribution industry by bringing faster, more accurate, and cost-effective technologies to a wider audience.

 

FastFetch, renowned for its unique product group, offers a range of solutions that help E-Commerce distribution facilities significantly increase their pick rates by up to 5x in certain cases. This achievement in efficiency propels businesses to new heights of productivity and profitability. Additionally, FastFetch’s state-of-the-art cubing software empowers E-Commerce distribution centers to curtail shipping costs substantially by efficiently selecting the right-sized cartons for shipping.

 

“We are thrilled to add the FastFetch product line to our offerings,” said Seth Weisberg, CEO of ABCO. “The acquisition aligns perfectly with our mission to provide innovative solutions that address the challenges faced by our clients in the Warehousing and Distribution industry.”

 

The acquisition of FastFetch enables ABCO to seamlessly integrate its expertise with FastFetch’s cutting-edge technologies. Combined, they create a force to be reckoned with in revolutionizing the order fulfillment process. With this acquisition, ABCO solidifies its position as a leader in the industry, committed to delivering top-notch solutions that optimize warehouse operations.

 

John (Jack) Peck, Founder of FastFetch, expressed his excitement about the acquisition, stating, “Joining forces with ABCO represents an incredible opportunity for us to further expand the reach of our solution and make a substantial impact on the Warehousing and Distribution community. We firmly believe that our innovative product line, coupled with ABCO’s strong industry presence, will lead to exceptional growth and success.”

 

With the integration of FastFetch’s product line into ABCO ‘s offerings, the partnership aims to cater to the growing demand for enhanced efficiency and cost reduction in E-Commerce distribution facilities. Customers can expect unparalleled support and expertise as ABCO leverages its extensive knowledge and experience to deliver innovative solutions.

 

Existing FastFetch customers will experience uninterrupted service, while the newly formed team will actively seek new opportunities to introduce the FastFetch product line to a broader market. This acquisition highlights ABCO ‘s unwavering commitment to staying at the forefront of industry advancements and continuously providing unparalleled solutions to its clients.

 

 

Read more: ABCO Systems Acquires FastFetch, a Leading Provider of Order Fulfillment Technology (prnewswire.com)

„What makes the world go round” – podcast interview with Mike Zafirovski

Posted on by tzgeurope

„What makes the world go round” – podcast interview with Mike Zafirovski

 

“
In this episode of „What makes the world go round” we are speaking with Macedonian-American with an exceptional career. Mr. Mike Zafirovski held leadership positions in companies including Motorola, Boeing, General Electric, Nortel and was appointed as a member of the National Security Telecommunications Advisory Committee by the President of the USA.

Listen to the story of Mike S. Zafirovski.

We are opening many discussions including:

✅ What drives personal success?
✅ Making difficult decisions versus making good and fun decisions and bringing progress.
✅ The technologies of tomorrow and how will they change the world?
✅ How can we support the development of more Macedonian entrepreneurs?
“

ABCO AUTOMATION INNOVATION 2023

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ABCO Automation Innovation 2023 is an exclusive annual trade show, and this year was held at ABCO System’s beautiful showroom on July 27th. It showcased the forefront of material handling innovations and solutions.

 

ABCO Systems hosted over 25 of their most trusted vendors and partners, who exhibited a diverse range of products and services. From AMR & AGV robots, conveyors, spiral conveyors, sorters, print & apply solutions, packaging solutions, equipment for selective racking, to warehouse safety items, and more. The event provided a unique opportunity for attendees to witness these automation technologies in action in a warehouse environment, offering invaluable insights into their potential applications.

 

With an audience of around 200 attendees, ABCO Automation Innovation 2023 served as an exceptional platform for networking, consultation, and knowledge sharing.

 

ABCO Systems is committed to making this an annual tradition. Their aspiration is to continually elevate the caliber of the show, fostering innovation, collaboration, and progress within the material handling landscape.

 

Click the link below for the gallery to get a sense of the atmosphere at the 2023 Show and stay tuned for updates on future editions of ABCO Automation Innovation.

 

ABCO AUTOMATION INNOVATION 2023 – ABCO Systems

ABCO SYSTEMS EARNS PRESTIGIOUS AWARD FROM MHEDA

Posted on by tzgeurope

ABCO Systems Earns Prestigious Award from MHEDA

 

ABCO Systems has been awarded the prestigious MVP (Most Valuable Partner) Award for its accomplishments in 2022 from the premier material handling trade association, MHEDA (Material Handling Equipment Distributors Association).

 

Award recipients must satisfy a rigorous set of criteria, with less than 10% of the association’s membership earning the award.   As a 2023 MVP, ABCO Systems has successfully demonstrated a commitment to business excellence, professionalism, and good stewardship.

 

“This is a tremendous honor for ABCO Systems,’’ CEO Seth Weisberg said. “We’ve prided ourselves for more than 30 years in helping clients implement the tools they need to succeed. From warehouse design to warehouse automation, we’ve set the standard in helping companies find solutions to their distribution challenges.”

 

“The MVP Award recognizes the best-of-the-best in our industry and is displayed with honor,” said John L. Gelsimino, President of All Lift Service Co. Inc. and 2023 MHEDA Chairman. “To check all the boxes from education, industry best practices, awards, networking, employee engagement, giving back, and much more, MHEDA is proud to have so many companies achieve this award.”

ABCO Systems is a full-service design and build material handling company based in New Jersey. The company helps clients improve efficiency and processes with warehouse automation solutions.

 

The Material Handling Equipment Distributors Association (MHEDA) is the premier trade association dedicated to serving all segments of the material handling business community.  MHEDA represents close to 600 companies in the material handling equipment business.  Located in suburban Chicago, the association provides services to companies seeking to improve their business through education, networking, benchmarking and best practices.

 

ABCO Systems provides material handling solutions engineered for today’s challenges – and tomorrow’s opportunities. With over 50 years of meeting the ever-changing demands of consumers, ABCO ensures that your logistics solutions are optimized. From warehouse design to warehouse automation, ABCO Systems designs and installs unique big and small solutions to meet customer needs. Its services include automation, robotics, conveyance, sortation, and storage optimization. The company also offers ongoing maintenance programs to ensure long-term system operation.

For more information, please visit ABCO Systems.net

The Zaf Group’s Mike Zafirovski Interview With Steven Burke From CRN

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The Ephiphany That Led To ACP CreativIT’s Fast Growth Buildout

 

When Mike Zafirovski was acting as an executive advisor for private equity behemoth The Blackstone Group he had an epiphany.

 

“The epiphany I had six years ago was that I was making decisions to simply optimize the short term returns (of companies),” said Zafirovski, the former CEO of Nortel Networks and a 47-year technology veteran that held high-level executive positions at Motorola and General Electric, in an interview with CRN. “So the initial thesis for The Zaf Group was to acquire several well-run family businesses and keep them in perpetuity. So they will be around 50 to 100 years from now- after my lifetime. We are in the business of identifying companies that are well run and that the most strategic players would love to buy.”

 

That epiphany led to the creation of The Zaf Group, which has made four solution provider acquisitions over the last five years that have established ACPCreativIT- the umbrella company- as one of the fastest-growing national providers in the country.

 

“We have quadrupled (the size of the business) since we made the first acquisition,” said Zafirovski, founder of The Zaf Group and executive chairman of ACP CreativIT, reflecting on the journey that has put ACP CreativIT on the map as a $300 million solution provider powerhouse. “Half of that has come from acquisitions and the other half from organic growth.”

 

The latest acquisition came in July when ACP CreativIT added Versatile Communications, a 28-year-old Hudson, Mass headquartered solution provider to its roster.

 

The Zaf Group and ACP CreativIT’s mission to preserve these solution provider businesses “in perpetuity” working hand in hand with the founders is resonating with solution providers, says Zafirovski, who emigrated from the former Socialist Federal Republic of Yugoslavia as a teenager and became a much sought after technology executive.

 

“Private equity firms would also have loved to buy ACP,” said Zafirovski. “But there was a level of hesitation (from ACP) because there was a concern that they would get absorbed and a lot of the cultural values that brought the company to this point in time would disappear. There was also concerns that if you sell to private equity the business would get reconfigured and sold off as quickly as possible.”

 

The Zaf Group’s long term focus is paying off for owners and customers, said Zafirovski. “I believe the long term commitment to employees and customers is a recipe for significant success,” he said. “This is an employee first and customer first organization.”

 

 

Read the whole interview here: The Zaf Group’s Mike Zafirovski On Why ‘In Perpetuity’ Ownership Is Driving ACP CreativIT Acquisitions | CRN