GENCO Canada
PITTSBURGH, Pa. - August 9, 2007 - GENCO today announced that its subsidiaries, Capital Returns, Inc. and GENCO Infrastructure Solutions, Inc. (Capital Returns/GENCO) were jointly selected by the Defense Logistics Agency, Defense Supply Center Philadelphia to provide reverse distribution for pharmaceutical, medical supplies and related waste materials dispensed by Department of Defense (DoD) and Veterans Affairs (VA) pharmacies. The joint DoD/VA joint contracting initiative is for five years and is valued at up to $38.4 million.
Under the indefinite delivery/indefinite quantity contract, Capital Returns/GENCO will manage and process expired or soon to be expired pharmaceuticals from DoD and VA Pharmaceutical Prime Vendor (PPV) programs. Facilities are located in the 48 contiguous states and outside the continental United States, including Alaska, Hawaii and overseas.
"We are very pleased to be selected by the Defense Logistics Agency," said Herb Shear, chairman, president and chief executive officer of GENCO." This important award will help GENCO to demonstrate the value of integrating commercial best practices in support of this important government customer and build upon our leadership position in pharmaceutical returns."
About GENCO Supply Chain Solutions
GENCO Supply Chain Solutions is North America's largest U.S.-based and a Global Top 50 third-party logistics provider and the recognized leader in Reverse Logistics. The company manages over 130 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers. The company provides initial and ongoing value through a complete range of solutions, including contract logistics, transportation logistics, parcel negotiation and audits, reverse logistics, damage research, product liquidation, pharmaceutical services, government solutions and supply chain technology solutions. For more information, visit www.genco.com.
