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Sinapsis
Begins Wrapping Luggage After Controversy At |
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December 4, 2010 - Luggage wrapping company Sinapsis
Trading, a subsidiary of industry leader TrueStar Group
S.p.A of Italy, announced that it has finalized
negotiations with
Sinapsis Trading won the luggage wrapping contract in
August with a bid of $55.5 million over five years, but
the company faced growing pressure in recent weeks from
competing bidders. Sinapsis Trading executives praised
county officials for stepping-in and finalizing the
deal.
?Despite the best efforts of our competitor Securewrap to derail the contract, we have emerged with an excellent agreement from the airport and the county,? said Fabio Talin, president and CEO of TrueStar Group. |
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Back in
August Sinapsis had placed a bid of $55.5 million over five
years while the second place and incumbent bidder only offered
$20.5 million for the same five-year period. However, it
appeared at that time that airport and county officials were
bowing to increasing pressure from the politically connected
lobbyists of losing bidder Secure Wrap. If the financially
struggling
?We thank
Mayor Carlos Alvarez and County Manager George Burgess for their
efforts, which will ensure that the county nets more than $11
million per year from this contract.?
In late October, Sinapsis sponsored the Miami International Airport Airlines Management Council luncheon, and the company was officially introduced as the new luggage wrapping vendor by council president Ric Arner of American Airlines. Executives have also begun working with Transportation Safety Administration officials and thanked TSA federal security director Mark Hatfield Jr. and his staff. ?We are looking forward to a long and profitable relationship with MIA and working with the many fine airlines that serve the airport,? said Talin. |