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June 2000: Trencor Limited, a marine cargo company in South Africa looks to seat its software and technology services unit in new markets. They propose the notion of reusable container pooling combined with new technology and applied to various industries globally.
August 2001: TrenStar registers as a holding company after Trencor's technology division Trencor Solutions merges with Englewood, Colorado's MicroStar Logistics Inc. Trencor Solutions brings an extensive automotive returnable packaging client base and is now known as TrenStar South Africa. MicroStar now operates as TrenStar's U.S. keg management division.
September 2001: TrenStar names Greg Cronin CEO. Operations begin.
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December 2001: TrenStar acquires KTP Limited, a company in the UK that has the largest number of installed RFID customer applications worldwide.
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April 2002: TrenStar signs its first client, RFID-savvy Scottish Courage Brewing.
September 2002: TrenStar signs its second UK brewing customer, Carlsberg UK.
May 2003: Kraft Foods extends by four years an original three-year contract to implement TrenStar's container management solution and supplement existing bar codes with RFID tags to track 800-liter stainless steel food IBCs in use by Kraft suppliers.
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May 2003: TrenStar's subsidiary, KTP Limited, is relaunched as TrenStar UK. The new name for the Beverley-based company reflects TrenStar Inc.’s broader scope of mobile asset management. TrenStar UK brings leading RFID and barcode integration expertise to TrenStar Inc.’s solution. MicroStar signs its 100th brewing customer, Sleeman Breweries Ltd. out of Canada. As with their other brewers, MicroStar will provide Sleeman’s with half barrel and sixth barrel kegs for a per-fill fee.
September 2003: TrenStar raises $34 million in its first institutional round of financing to enable corporate growth and asset acquisitions, with more than half of the funding coming from Carlyle Venture Partners, the venture arm of The Carlyle Group, and the balance from Trencor Limited and other strategic investors.
March 2004: TrenStar and leading container manufacturer O-T-D Container partner to deliver the first standard RFID-ready reusable containers for the synthetic rubber industry, which has become the industry standard for synthetic rubber containers. TrenStar helps deliver the first standard RFID-enabled UHF solutions to select industries.
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June 2004: TrenStar announces the formation of a ULD management joint venture with Lufthansa Cargo named Jettainer that offers airlines guaranteed annual cost reductions.
September 2004: TrenStar raises $30 million in its second institutional round of financing. One-half is raised from current shareholders Trencor Limited and The Carlyle Group, and the other half is provided in the form of Senior Notes from Technology Investment Capital Corp.
October 2004: TrenStar Inc. is named one of 25 Rising Stars as part of this year’s Fast 500 ranking of the fastest growing technology companies in North America by Deloitte & Touche USA LLP. The Rising Star award is a special designation within the Fast 500 program for fast-growth technology companies that have been in business just three or four years. Rising Star rankings are based on a percentage growth rate over three years (2001 to 2003). TrenStar ranks 13 out of 25 with a revenue growth of 1664 percent.
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February 2005: TrenStar's air cargo joint venture Jettainer adds to its management team four industry veterans uniquely qualified to lead the company through a period of tremendous opportunity and growth.
February 2005: AMR Research awards TrenStar with its first annual Innovation Award for a mid-sized company. “TrenStar deserves to be singled out for having a unique business model that combines asset acquisition and tracking technology that includes RFID and a variety of management services."
July 2005: TrenStar purchases the industry’s second largest returnable aluminum container fleet from Firestone Polymers LLC. TrenStar manages Firestone Polymers’ entire returnable container operations, by providing reverse logistics and account management services in addition to handling and cleaning, maintenance and repair and other fleet administration services, on a pay-per-use fee basis.
November 2005: TrenStar’s air cargo joint venture, Jettainer, purchases the entire fleet of air cargo and passenger containers and pallets from US Airways as a part of the airline’s cost-savings initiatives. Jettainer manages US Airway’s entire ULD operations for a monthly fee, which covers ULD supply chain management services: order management, repair and maintenance, tracking and tracing, account management and other fleet administration services.
March 2006: TrenStar South Africa is named Best Service Supplier in 2005 by Toyota South Africa (SA). The 2005 Supplier of the Year Awards honors its best suppliers in six categories - service, cost, delivery, quality, consumable and raw materials.
April 2006: TrenStar announces an additional $10 million in funding from existing shareholders Trencor
and The Carlyle Group and the hiring of Edward R. Flaherty as CEO.
October 2006: TrenStar Inc. named to Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. TrenStar ranks #93 on the list.
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