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Holding company Action Productsernational Inc. on Wednesday announced its acquisition of North East Expedite Logistics, a provider of transportation and logistics services on the East Coast.

NEEL will operate as a wholly owned subsidiary of APII and the existing staff at NEEL will be retained, Action Products CEO Gary Polistena said in a statement.

He also said the company’s “first order of business”��will be to move away from��the traditional terminal and paper tracking system��to��fully cloud-based supply chain technology.

Even though APII is not focused directly on logistics, NEEL adds cash flow and improves APII’s balance sheet and financial position, Polistena said.