- Home furnishings firm Bassett Furniture Industries (NASDAQ:BSET) has completed the sale of Zenith Freight Lines to J.B. Hunt Transport Services (NASDAQ:JBHT).
- A wholly-owned subsidiary of JBHT acquired substantially all of the assets of Zenith for ~$87M.
- Bassett and J.B. Hunt also entered into a long-term agreement, whereby J.B. Hunt has agreed to provide Bassett with the exceptional service Zenith has performed for Bassett for almost 50 years.
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