Supply Chain Management Platform Sold by StarTek Inc.
The Supply Chain Management Services Platform of StarTek Inc. (NYSE:SRT) has been sold to Tenessee-based DPL Corporation Southeast (DPL) for $5.75 million. Approximately $4.7 million in cash, was received by StarTek, as of the closing date, after adjustments at closing, in addition to a 5-year $740,000 note. Home.businesswire.com reports:
As of the closing date, DPL assumed the management and operations of the Supply Chain Management Services platform in its entirety, including all related customer and vendor contracts as well as the management of all former StarTek employees who were dedicated to the Supply Chain Management Services Platform. "The Supply Chain Management Services platform was the foundation to StarTek’s initial success and its sale to DPL further illustrates our continuing evolution in Business Process management Services and our commitment to the ongoing quality of Supply Chain Management Services," said Steve Butler, President and CEO of StarTek."
Read More: StarTek Inc. Completes Sale of Supply Chain Management Services Platform
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