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Dade Paper Enters Agreement With Imperial Bag And Paper
Dade Paper & Bag Co. (“Dade”), a distributor of food packaging, paper products, foodservice disposables, and janitorial & sanitary supplies based in Miami, Florida has entered into a definitive agreement to combine with Imperial Bag & Paper Co., LLC (“Imperial”), one of the nation’s leading distributors of disposable food service and janitorial supplies. The combined business will have total revenues over $1.0 billion. The transaction is expected to close in June.
"The strategic decision to partner with Imperial will greatly benefit our customers and employees," said Frank Sansone, COO of Dade. "With Imperial we will soon be able to offer our customers a broader product offering and service across a wider footprint. The combined company’s culture and commitment to growth provide a great work environment and career advancement opportunities for our team throughout our combined footprint."
"The partnership with the Dade organization will significantly expand our reach into the Southeast and Mid-Atlantic markets, allowing us greater geographic coverage and ability to serve a broad customer base," stated Robert Tillis, Imperial CEO. "Together, our businesses will share best practices and provide a platform for future organic growth. We look forward to combining the Dade and Imperial families soon, and offering customers additional products and services from the people they already know and trust."
"The combination of Imperial and Dade transforms us into a leading player poised for growth. The combined business will continue to focus on acquiring great companies with exceptional teams," said Imperial President, Jason Tillis. "We look forward to working with Frank and his team to continue building the business through new customers, additional products and services, and acquisitions."
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