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Tank of tanks. Jordan adds,“ Running a logistics company is very complicated and it would have been difficult and expensive to develop independently. Now that we’ ve acquired Ditech, we are in the midst of assessing how we can expand upon that logistics network to eventually handle all transportation for Manchester and Ditech.”
Providing this new service requires leveraging Ditech’ s capabilities and integrating them into existing facilities. Jordan continues,“ For example, in the six months since the acquisition, we’ ve integrated refurbishment capabilities into our Campbellsville, Kentucky, facility. That gives us a huge, very important capability to reach customers in that location.
“ Refurbishment requires us to pick up a tank, bring it back to a facility, refurbish it and return it to the customer. Logistics is therefore very important. The closer we are to that market, the more access it gives us to customers. Being able to have a refurbishment facility in Campbellsville allows us to tap into the Southeastern market much more efficiently.”
Significant innovation
With the acquisition of Ditech, significant innovation within the company has been fostered. Market opportunities were explored to develop an enhanced product, leading to the launch of the premium Manchester PRO line of propane tanks. This line features an enhanced coating that lasts significantly longer, especially in areas with salt spray. It also includes telemetry for data monitoring and sensing levels, allowing propane companies to remotely understand how much propane is in the tank, which is becoming a popular trend in the industry. Additionally, the line includes more precise componentry, such as capacitance gauges. Jordan emphasizes,“ It’ s a little bit more technical, but it really matters because being able to understand exactly how
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