Transaction Represents 71st Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products
JERSEY CITY, N.J. and DOWNEY, Calif.–(BUSINESS WIRE)–Imperial Dade, a leading distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced the acquisition of Prime Paper & Packaging (“Prime” or the “Company”). The transaction represents the 71st acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.
Owned and operated by the Farah family, Prime is a premier distributor of food service, industrial and janitorial products throughout Southern California. The Company commands an exceptional reputation in the market and operates with the same hyper focus on customer service as it had when it was founded. By leveraging Imperial Dade’s market leading platform, Prime’s customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions.
“Prime Paper & Packaging is a great strategic fit with Imperial Dade. Their relentless focus on customer service aligns well with Imperial Dade,” said Robert Tillis. “I would like to enthusiastically welcome the Prime family into Imperial Dade. We are excited to partner with the Farah family and Prime’s outstanding employees,” said Jason Tillis.
“The Prime family is humbled to become part of Imperial Dade, the leading distribution platform across North America. We share the same core values and focus on our employees and customers, and could think of no better fit.” said Fred Farah, President of Prime Paper & Packaging.
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About Imperial Dade
Founded in 1935, Imperial Dade serves more than 90,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the foodservice, packaging, and janitorial supplies industry. For additional information, please visit www.imperialdade.com.
Contacts
Media Contact
Imperial Dade
Paul Cervino
201.437.7440 x 2302
