Greystone Logistics Inc. (GLGI)

[mrholty]

Thanks. I get why they would try to get vertically integrated. But if a $70M annual business is sold for $13M that tells me that margins in this business are rough and commoditized.

In general I'm not a fan of trying to get vertically integrated. I'd rather focus on the sales/distributor relationship but this may help them on price as they eliminate a distributor and say 10% margin from their supplier.