BradyIFS Acquires Millennium
BradyIFS, a distributor of foodservice disposables and janitorial & sanitation products, has acquired Millennium Packaging & Distribution (“Millennium”), which is headquartered in San Antonio, Texas. Millennium is a leading distributor of foodservice disposables, dry goods, janitorial, cleaning and facility supplies across Texas and the Midwest. Terms of the transaction were not disclosed.
The acquisition expands BradyIFS’ sales presence and distribution footprint across Texas and the Midwest and provides Millennium’s customers with access to an expanded product and service bundle.
“I am pleased to welcome the team at Millennium to BradyIFS. Millennium fits well with our strategy of further strengthening our presence and reach across the central United States as we continue to build a national platform. We are excited to partner with Bob Knoll and his great team of associates as we continue to build BradyIFS.” says Kenneth Sweder, CEO and Chairman and of the Board of IFS.
“We are excited to be joining BradyIFS as we know that the combination of BradyIFS and Millennium will bring significant levels of support and value to our customers, suppliers and employees,” says Bob Knoll, President of Millennium. “BradyIFS is the right partner for us as we double down on investments to ensure we continue to exceed our customer’s expectations.”
Stifel acted as exclusive financial advisor to Millennium.
Back in October, BradyIFS also acquired two California-based distributors. Read more on that here.