United Stationers has announced that its Lagasse jan/san subsidiary has completed the purchase of stock of Sweet Paper Sales Corp and Sweet Paper Group in a cash transaction, expanding United’s presence in the foodservice distribution market.
The Sweet Paper companies, headquartered in Hialeah, Flor-ida, are privately held, with combined annual sales of approximately $250 million.
United CEO Dick Gochnauer said: "The merger represents an important step in our strategic planning process. We believe this acquisition will be accretive to earnings in 2006 and will position us for continued growth and success in this category.
"Lagasse continues to be one of the most successful areas of our business and represents one of our fastest growing product categories," he added.