Duff Brothers Capital acquires Dallas-based FFE Industries

July 17, 2013

Business

ffeDallas, Texas-based Frozen Food Express Industries, Inc. (FFE – Stock Symbol FFEX) and Duff Brothers Capital Corporation have announced Duff Corporation will offer to acquire all of the outstanding shares of common stock of FFE (except shares owned by its affiliates) for $2.10 in cash per share of common stock.

“We are excited about the opportunity to add another leader in the temperature-controlled trucking industry to our family group of businesses,” co-owner Thomas Duff says. “With the synergies and increased capacity that we can gain from the ownership of both FFE and KLLM, we know that we will be able to enhance the quality service that both companies have been providing to their customers.”

The Mississippi-based companies already owned by the Duff family include KLLM Transport Services, one of the largest refrigerated carriers in the United States, Southern Tire Mart the country’s largest independently owned commercial tire dealer and retread manufacturer and T.L. Wallace Construction, one of the largest building contractors in the state.

Source: Duff Brothers Capital

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About Stephen McDill

Stephen McDill joined the Mississippi Business Journal in 2008 after working in radio and television. He is a graduate of Belhaven University and has won awards for his writing and photojournalism from the Associated Press and Mississippi Press Association.

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2 Responses to “Duff Brothers Capital acquires Dallas-based FFE Industries”

  1. bob Says:

    It’s unfortunate that the Duff Brothers have no real idea of what they just bought. the cluster that is FFE is something to behold.
    I say this as a current employee whom has worked for great companies, this company use to be pretty decent, now it is beyond bad.

  2. goose Says:

    Good going duff bros, dont you have enough money?? Alot of good people lost their jobs, including me a former driver. I think I would feel better if my job was outsourced to India.

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